Real Estate Finance

Avenue Venture invests Rs 55 crore in Rohan Builders’ housing project

Written by Jayanta Sunday, 29 September 2013

( 0 Votes )NEW DELHI: Private equity firm Avenue Venture Real Estate Fund has invested Rs 55 crore in a residential project developed by Rohan Builders in Bangalore, property consultant Jones Lang LaSalle India said. “Rohan Builders, one of Pune’s leading residential developers with existing presence in Bangalore, has partnered with Avenue...
 

Lenders cut EMIs, raise tenure to lure home buyers who deferred purchase

Written by Jayanta Friday, 20 September 2013

( 0 Votes )CHENNAI: Dewakar G is looking to shift his home loan to another bank or housing finance company (HFC). Currently, he pays an equated monthly instalment (EMI) of Rs 26,048 on a home loan of Rs 22 lakh – which works out to Rs 1,184 per lakh. “Many of them (lenders) are offering schemes at Rs 900 per lakh or slightly below. On the face of...

Nationalized banks return to fund Noida Extension projects

Written by Jayanta Thursday, 19 September 2013

( 0 Votes )NOIDA: 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...
 

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Written by Jayanta Tuesday, 17 September 2013

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Credai against linking of home loans to construction stages

Written by Jayanta Sunday, 15 September 2013

( 0 Votes )MUMBAI: Criticising the Reserve Bank’s decision to link disbursal of home loans to stages of construction, real estate apex body Credai said the move will harm developer sentiment and disturb business plans. RBI today asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the...
 

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