Property News from IndianRealtyNews |  |
- Builders Losing on Projects Due to Dipping ROI: CREDAI
- DLF to Sell Holdings in Pune & Nioda IT SEZ for Rs 1300 crore
- RBI Implements Strict & Tedious Rules for Banks Lending to Property Sector
| Builders Losing on Projects Due to Dipping ROI: CREDAI Posted: 30 Jun 2011 08:12 PM PDT Inflation and rising cost of raw materials have started putting a dent in the balance sheets of the real estate firms here. In spite of bleeding balance sheets and dipping return on investment (ROI), the firms here commit that they will deliver the housing units to the buyers at the booking price itself. KC Naik, [...] |
| DLF to Sell Holdings in Pune & Nioda IT SEZ for Rs 1300 crore Posted: 30 Jun 2011 08:09 PM PDT DLF, India’s largest real estate company, will sell its shareholding in two IT SEZs in Pune and Noida, for a combined value of Rs1,300 crore, as it steps up the disposal of non-core assets to pay down debt of almost $5 billion. Two partners, Ackruti City and The 3C Company, will also exit. Blackstone is [...] |
| RBI Implements Strict & Tedious Rules for Banks Lending to Property Sector Posted: 30 Jun 2011 07:01 PM PDT The Reserve Bank of India has laid out strict and tedious due diligence standards for banks in sanctioning loans to the real estate sector after inspections found that most frauds were due to document forgeries even after certified by lawyers and chartered accountants. The central bank has said banks should leave no stone unturned to [...] |
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