The RBI had, in June 2019, reduced the key policy rate, making it the third time in a row that it did so, in the calendar year 2019. Till June 30, 2019, the repo … READ FULL STORY
With a view to strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies, the Reserve Bank of India (RBI) board has decided to create a specialised supervisory and … READ FULL STORY
In 2018, the real estate sector’s focus was on ensuring affordability of homes, balancing the impact of the Goods and Services Tax (GST) and improving sales, while also witnessing the fallout of the liquidity … READ FULL STORY
Before every annual budget, the real estate sector trots out a highly optimistic (and unrealistic) wish-list to the Finance Ministry. Whether the industry actually expects the upcoming budget to cure all its woes, with … READ FULL STORY
With the financial year entering the last quarter and the start of the new calendar year, the focus is back on the fiscal deficit, liquidity issue with financial institutions and NPA woes. In a … READ FULL STORY
The Indian real estate sector has witnessed a sea change, over the last couple of years. However, in spite of the advancements in construction, the use of high-end technology, the advent of smart homes … READ FULL STORY
Institutional investments in the real estate sector in India over the last decade, are estimated to touch USD 5.5 billion in 2018, which is the highest ever since 2009. As of October 31, 2018, … READ FULL STORY
Two non-bank lenders, Finance Advisors & Managers and Vista ITCL (formerly IL&FS Trust Company), have taken Mumbai-based developer Rashmi Housing to the National Company Law Tribunal (NCLT), for defaulting on a Rs 26.24-crore payment. … READ FULL STORY
The current crisis of confidence in real estate developers, an off-shoot of the credit crunch in the money markets, will likely further strengthen the cause of large organised developers that have steadily gained market … READ FULL STORY
It may be true that ‘when the going gets tough, the tough get going’, but this does not seem to hold true for the Indian real estate sector currently. The ongoing crisis in the … READ FULL STORY
Non-banking finance companies’ (NBFCs’) and housing finance companies’ (HFCs’) wholesale credit book, which includes real estate and infrastructure lending, is likely to grow at 21 per cent annually till 2020, said a report. Asset … READ FULL STORY
Non-banking finance companies (NBFCs) and mortgage lenders, which control the lion’s share of developer loans, are using all the tricks in the marketing and finance trade books to help realtors, who are still reeling … READ FULL STORY
Delinquencies in the loan against property (LAP) market are set to rise 70 basis points (bps) to 3.3 per cent this fiscal, even as underlying risks stemming from moderating growth, intensifying competition and falling … READ FULL STORY
