The market has welcomed the host of announcements in Budget 2021 that are being seen as a measure to revive the economy. From health to infrastructure, finance minister Nirmala Sitharaman’s third Budget speech tackled … READ FULL STORY
HDFC chairman Deepak Parekh, on January 28, 2020, said that they were talking to the regulators and the Finance Ministry, on a one-time restructuring of loans for realty projects. “We have requested the NHB … READ FULL STORY
Cracking the whip for their ‘lethargic indifference’, the Securities and Exchange Board of India (SEBI), on December 26, 2019, slapped a penalty of Rs 25 lakhs each on ICRA, CARE, and India Ratings & … READ FULL STORY
The real estate market, at present, is abuzz with news about stalled housing projects, giving an impression that all projects are now at risk of failure or becoming distressed. However, the real picture may … 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
Sales of housing units in the top nine cities of Mumbai, Pune, Noida, Gurugram, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad, fell by eight per cent during the October-December period of 2018 (Q3 FY2019), as … 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
Debt-saddled infra lender Infrastructure Leasing and Financial Services (IL&FS), on August 29, 2018, said its board has approved a Rs 4,500-crore rights issue and it plans to reduce its loan burden by up to … READ FULL STORY
The Maharashtra State Road Development Corporation (MSRDC), on May 23, 2018, opened the financial bids for the ambitious Rs 46,000-crore Nagpur-Mumbai Maharashtra Samruddhi Expressway. The bidders for the project include L&T, Tata Projects-CENGIZ joint … READ FULL STORY
With the Government of India (GoI) and the Reserve Bank of India (RBI) focusing on resolving stressed infrastructure assets, private equity firm Lone Star Funds and infrastructure financing company IL&FS, have announced a collaboration, … READ FULL STORY
