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OFFICE Traction @ Glance-NCR: June 2013
Jun 27, 2013
DELHI: The National Capital Region (NCR) is one of the most sought after office destinations in the country. Availability of skilled manpower and developed infrastructure drew a number of corporates to this market. The NCR office market has evolved largely from mixed use type of commercial developments in Connaught Place to state-of-the-art office buildings in Gurgaon and Noida. Traditionally, office space demand was driven by government departments and private companies looking for a presence i
Alchemist buys 20 acres for residential development
Jun 07, 2013
KOLKATA: Alchemist Township India Limited, a Delhi-based real estate developer, has bought 20 acres of prime land in the Aerotropolis being developed by Bengal Aerotropolis Projects Ltd (BAPL) at Durgapur, 180 kilometres from Kolkata. Leading international property consultants Jones Lang LaSalle India were the transaction mediators for this deal, which is West Bengal’s largest land transaction in 2013 to date.
Bad loans to soar on new RBI norms
May 31, 2013
The Reserve Bank of India has said that from April 2015 banks will no longer have the leeway to relax repayment norms for troubled companies without classifying their loans as non-performing assets, which would lead to a surge in bad loans. RBI has also asked banks to increase provisions on loans restructured from June 2013 to 5% from the present requirement of 2.75%.

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