Real Estate Finance

Written by Jayanta Saturday, 03 August 2013

( 0 Votes )TNS Saturday, July 20, 2013 Tightening the noose on loan defaulters, banks have decided to ‘name and shame’ the guarantors of such borrowers as well by publishing their photographs and other details in newspapers and on notice boards of bank branches and community centres. Banks, mostly public sector lenders, began publishing pictures of wilful loa...

ASK Property to invest up to Rs 500 crore by fiscal-end

Written by Jayanta Saturday, 27 July 2013

( 0 Votes )MUMBAI: Private equity firm ASK Property Investment Advisors plans to invest up to Rs 500 crore in mid-income residential projects by this fiscal end, a top company official said. “We are upbeat about India’s real estate growth story. We intend to invest up to Rs 500 crore in various mid-income residential projects by this fiscal...

HDFC AMC to sell stake in Nitesh Housing to promoter

Written by Jayanta Tuesday, 23 July 2013

( 0 Votes )BANGALORE: HDFC Asset Management Company, the portfolio manager of HDFC Mutual Fund, has decided to sell its entire stake in Nitesh Housing Developers, a subsidiary of Bangalore-based Nitesh Estates. The fund house had bought 10.1% stake in the subsidiary of the real estate developer for Rs 68 crore in 2009. Nitesh Housing Developers owns four...

Century Real Estate redeems Rs 100-crore NCDs

Written by Jayanta Saturday, 20 July 2013

( 0 Votes )BANGALORE: Bangalore-based realtor Century Real Estate has redeemed Rs 100-crore non-convertible debentures (NCDs) that it raised through Kotak Mahindra Prime. In 2010, the builder had raised funds by selling 80% of the book to high net worth individuals (HNIs), corporate investors and Kotak Mahindra Prime, a nonbanking finance company. The fund...

RBI flags high home prices

Written by Jayanta Tuesday, 09 July 2013

( 0 Votes )The Reserve Bank of India (RBI) in its Financial Stability Report for June, released on Friday, has flagged the rising house prices in most metros. This is at variance with bank credit to housing, which has actually fallen. “Growth of bank credit to this sector has, however, been moderate. Further, the share of credit to the housing sector...

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