Latest Realty News

Piramal buys 3.5% stake in Sunteck Realty for around Rs 65 cr
Mar 20, 2014
MUMBAI: Ajay Piramal-led Akshar Fincom has picked up a 3.5 per cent stake in Sunteck Realty for around Rs 65 crore, according to industry sources.
Mumbai to get Rs 4,500 cr infrastructure boost
Jan 22, 2014
MUMBAI: A couple of infrastructure projects to be taken up in Mumbai, entailing an investment of Rs 4,500 crore, will improve connectivity and ease traffic in the city. These are in addition to the over Rs 55,000-crore worth of infrastructure projects in the works – metro rail, monorail and several elevated road corridors.
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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