50 Indian companies participate in realty conference in Sri Lanka
India-Sri Lanka bilateral trade has increased by over 65% last year, close to U.S. $5 billion, Indian High Commissioner to Sri Lanka Ashok K. Kantha, has said.
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Not so happy Q4 results expected for realty companies
Real estate companies reeling under the bad debt and falling sales graph are expected to record yet another bearish quarterly results with most of the listed companies’ shares already in the red. Listed real estate companies represented by the Realty Index on BSE have witnessed a fall of 1.7 per cent over the past one month.
Rate hike adds to debt burden of real estate companies
Continuous rise in interest rates by the banks is dampening the effort of the real estate companies to reduce debt by selling non-core assets.
Forbes ranks Ashiana Housing in ‘Asia’s best under a billion’ companies
Ashiana Housing Ltd., Delhi based real estate player becomes the only real estate company from India to figure in ‘Asia’s Best Under A Billion1 list of companies compiled by the Forbes magazine for 2011.
CCI may slap more penalty to DLF and other realty companies
Real estate giant DLF may have to pay Rs.900 crore extra penalty if the Competition Commission of India (CCI) finds it guilty of abusing its dominant market position in three more projects in Gurgaon.
Lack of teeth in Rural Development Ministry gives tainted companies lifeline
The Ministry of Rural Development has decided to get the names of the companies IL&FS Ltd, Infrastructure Kerala Ltd, Marg Ltd, Megha Engineering Infrastructure Ltd and Seri Infrastructure Finance Ltd cleared from the Ministry of Corporate Affairs.
Indiabulls promoters group companies increase stake to 25.57%
Indiabulls Real Estate Ltd said on Friday its promoter group companies have increased their stake to 25.57 percent in the firm by acquiring shares from the open market.
Banks rescheduled Rs. 6000 crore to realty companies
While the banks and financial institutions are overtly blaming the real estate companies for defaulting on the loan repayment, it is learnt that they are also showing largesse to the realtors by rescheduling their loan repayment.
Increase in priority housing loan limit a positive step: Jitendra Jain, MD & CEO, Neev Group Of Companies
The move to increase the priority housing loan limit to Rs 25 lakh was a positive one that will lead to increasing the base of home loan takers and thereby a boost for affordable housing.
Realty companies hit with Rs 20,000 cr demand
Public sector banks including State Bank of India, Bank of Baroda, Bank of India, Indian Overseas Bank have served notices to dozens of real estate companies to recover around Rs 20,000 crore of their exposure by March.