Latest Realty News

May 29, 2015
MUMBAI: Fullerton, the nonbanking finance company backed by Singapore-based Temasek Holdings, plans to enter the affordable housing market in India
Apr 23, 2015
Bengaluru: Non-banking financial companies (NBFCs) and private equity (PE) funds are lending to real estate developers at a frenetic pace
KKR, GIC partner for India realty lending platform
Jan 08, 2015
Mumbai: Global private equity firm Kohlberg Kravis Roberts and Co. LP (KKR) has established a NBFC in India along with GIC Pvt. Ltd, to provide structured credit solutions to the real estate sector in the country
Vikram Pandit, JM Financial to invest Rs900 crore in real estate NBFC
Nov 20, 2014
Bengaluru/Mumbai: Vikram Pandit, former chief executive officer of Citigroup Inc., and Mumbai-based JM Financial Ltd are investing Rs.900 crore in the latter’s real estate-focused non-banking financial company (NBFC)
Manappuram foraying into housing, micro, vehicle lending biz
Nov 11, 2014
Mumbai: Kerala-based Manappuram, the non-banking finance company is venturing into three areas -- microfinance, home loans and vehicle financing early next year
Bajaj Finance to launch housing finance arm, seeks National Housing Bank nod
Sep 12, 2014
Non-banking lender Bajaj Finance today said its board has given the nod to launch a dedicated housing finance subsidiary
Banks score on rates, HFCs on amount
Apr 08, 2014
MUMBAI: Bringing 20% of a property cost to the table may not always be easy for a home loan borrower. Then, there is an additional cost of stamp duty and house registration, which can easily be around Rs 3 lakh for a house costing Rs 50 lakh in Mumbai.
Bank credit to commercial real estate picks up in FY14
Oct 04, 2013
MUMBAI: After recording sluggish growth in the previous financial year, bank credit (loan) to commercial real estate (CRE) projects has picked up in the current financial year, registering a 17.4 per cent growth in August, compared to 8.6 per cent during the corresponding period of FY13.
Builders at private lenders’ mercy as demand falls, forced to pay interest rates as high as 42%
Sep 21, 2013
NEW DELHI | BANGALORE: The stress among real estate developers is now showing clearly. Private money lenders are back in demand with small and mid-sized real estate developers picking up short-term money at interest rates as high as 42% a year to avoid the prospect of reducing property prices.
Nationalized banks return to fund Noida Extension projects
Sep 10, 2013
DELHI: The Greater Noida Authority is upbeat that the Greater Noida (West) region, formerly Noida Extension, is slowly being removed from the blacklist of banks and they have started showing interest in backing buyers who want to invest in projects in the region. After the land row in 2011, banks had stopped financing such projects due to fears of land acquisition being quashed by the courts.
The Real Estate Bill only adds to the confusion
Jun 06, 2013
MUMBAI: If anything, the Real Estate (Regulation and Development) Bill is only going to add to the confusion existing in the sector. In any real estate project, there are three principal stakeholders -– developer, consumer and the authorities. The bill has been designed to empower the authorities further. There is little in it for the consumer, as for the developer, his project completion time has just got longer.

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