Investigation Archives - Page 59 of 63

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September 16, 2012

Finance Ministry to meet bank chiefs today to discuss realty lending

The Finance Ministry will meet chief executives of leading banks today, Sep 17, to discuss credit flow to the real estate and housing sectors. According to sources D K Mittal, Secretary of Financial Services, will chair the meeting of bankers, which will take stock of credit flow to the sensitive sectors.

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September 14, 2012

Knight Frank finds property prices falling in select markets

Declining property sales coupled with stretched balance sheets is bound to remain a concern in the short-term, leading to a moderation in property prices in some markets, says a report by market research firm Knight Frank.

Company News

September 13, 2012

70 real estate companies under CCI scanner for one-sided agreements

The Competition Commission of India (CCI) is reported to have zeroed in around 70 real estate developers around the country, including Unitech, Parsvnath Developers, and Omaxe for investigation against entering into one-sided agreements with buyers and for allegedly colluding with each other to arm-twist them.

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September 10, 2012

India protests to Colombo after Chinese co beats India in real estate race

India’s plan to buy a property to move its cultural centre in Colombo is in limbo, after New Delhi lost out to a Chinese state-owned company in the race to buy a prime plot in the Sri Lankan capital – allegedly due to delay by the island nation’s government in issuing necessary clearances.

Headlines

September 10, 2012

Odisha Government moots rental housing for poor to check mushrooming slums

In a bid to check the mushrooming growth of slums in the state, the Odisha government is planning to create rental housing at an affordable monthly rent of up to Rs 2,000 for the poor.

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September 9, 2012

Indian realty destination next for skyscrapers-V

The Environment Ministry has now set new norms for buildings higher than four floors. However, experts question the compliance aspect. Sachin Sandhir, Managing Director (South Asia) of RICS is apprehensive with the enforcement of stricter norms for structural safety.

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September 8, 2012

Balaji group enters real into estate business

Ekta Kapoor’s Balaji Group has now entered Mumbai’s real estate market with two projects- a commercial complex in Chandivli, Andheri East, and a residential one in Mira Road – both being handled by her father and yesteryear star Jeetendra through group firms Balaji Developers and JK Developers.

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September 6, 2012

Kerala CM warns investors with real estate motives

Kerala Chief Minister Oommen Chandy has said that investors, who attend the Emerging Kerala meet, with real estate motives will have to return empty handed. “Not an inch of land will be sold for projects approved in the meet. Can you think any secret business deal is possible in Kerala?,” he asked the editors of various media organisations in the state during an interaction ahead of the Emerging Kerala meet on Thursday, Sep 6.

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September 5, 2012

Can meat & eggs offered to God resolve realty crisis?

Can meat & eggs offered to God resolve realty crisis? Well, the real estate community in Coimbatore thinks so. More than 1000 members of the real estate sector, including key promoters, sought diving intervention on Wednesday, Sep 5, to bail them out of the crisis they were in, caused by decreasing demand and prices.

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September 5, 2012

PE investments in realty sector become selective: C&W

Realty sector in India has witnessed more than $2-billion private equity investments in the last 12 months, with investors treading cautiously, according to real estate consultancy Cushman & Wakefield.

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