Latest Realty News

Madras-High-Court-dismisses-Marans'-plea-against-attachment-of-property
Jun 10, 2015
In a setback to Maran brothers, the Madras High Court on Wednesday dismissed petitions filed by Kalanithi Maran owned Sun TV and Kal Communications challenging the attachment of their properties by Enforcement Directorate in connection with money laundering probe in Aircel-Maxis deal.
Axis Bank cuts fixed home loan rate to 10.40%
Dec 10, 2014
Mumbai: Axis Bank Ltd, India’s third largest private sector bank by assets on Tuesday cut its fixed rate home loan interest rate to 10.40% from 11.75% earlier
Ansal API MD Pranav Ansal summoned by Delhi court
May 19, 2014
DELHI: Pranav Ansal, the managing director of real estate firm Ansal API, has been summoned by a district court in Delhi for allegedly cheating a former colleague of Rs 40 crore. According to the complaint, Suneal Mangal, who was inducted as director in Ansal's company Prime Maxi Mall Management for his experience in advertising and event management, signed an agreement with the company in 2005. Under this agreement, he was to be paid 9% of the increase in revenue of the mall management company
Warning bell: RBI red flags 20:80 home loan schemes
Sep 04, 2013
MUMBAI: The Reserve Bank of India (RBI) wants banks and home buyers to be wary of the so-called '20:80, 25:75' schemes as a default by the builders could affect the credit profile of the borrower and expose the banks to higher NPAs and possible diversion of funds. Real estate companies have been offering schemes called 20:80 and 25:75 where the builder agrees to pay interest on the borrower's loan for a specific period.
HDFC Realty strikes Rs 100-cr property deal for Axis Bank
Jul 27, 2013
MUMBAI: In one of the biggest office rental transactions in recent times, private lender Axis BankBSE -1.84 % is believed to have entered into a property lease deal worth about Rs 100 crore for housing its back office operations.
Wave City ties up with SBI for financing loans
Jul 05, 2013
LUCKNOW/NEW DELHI: Wave City, a 4,500 acres integrated township being developed by Wave Infratech has roped in State Bank of India to fund its projects.
Urban youth prefer to invest in real estate: Survey
Jun 30, 2013
DELHI: Real estate seems to be the hottest investment instrument for urban youth in India, with 85 per cent of those surveyed inclined to put their money into real estate on hopes of higher and guaranteed returns.

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