November 20, 2008 – 8:06 am
India’s struggling real estate sector is set to come under further pressure in the coming weeks as the Reserve Bank of India (RBI) has made it tougher for banks to ‘restructure’ loans, forcing them to cut house prices or risk being starved of bank funding. Banks often resort to restructuring loans — a practice aimed [...]
October 22, 2008 – 5:16 am
According to HDFC chairman Deepak Parekh, lending rates would ease only after deposit rates come down, which will take some time to happen. The statement comes at a time when most people hoped that banks would start lowering their lending rates, following the recent repo cut by the Reserve Bank of India (RBI).
Welcoming the liquidity [...]
October 15, 2008 – 1:36 am
The significance of the financial crisis that has hit the US economy can be measured from the fact that the cost of the rescue of these financial giants to the Federal Reserve and Treasury Department has been estimated at close to a trillion dollars.
According to some analysts, the total cost on this count could go [...]
By Rajani
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Posted in Real Estate News
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Also tagged Asian Development Bank, Asian Economies, Bank Of India, Budget, Economic Management, Financial Giants, Financial Turmoil, Gdp Growth, Global Financial Crisis, Growth Expectations, Industrial Economies, Liquidity, Treasury Department
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September 28, 2008 – 11:31 pm
Nipun Sahni, director and global head of commercial real estate at Merrill Lynch Capital, says the number of information technology parks and special economic zones in the 21-km Old Mahabalipuram Road — popularly known as OMR — in Chennai surpasses demand in the entire IT industry in India.
he said at a Ficci seminar, “It will [...]
By Rajani
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Posted in Real Estate News
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Also tagged Bank Of India, Close Proximity, Dlf India, Economic Zones, Global Head, Headwinds, Indore, Mahabalipuram Road, Merrill Lynch, Merrill Lynch Capital, Noida, Omr, Oversupply, Parel, Puravankara, Rate Hikes, Stock Markets, Technology Parks, Vacancy Rates
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August 27, 2008 – 2:54 am
Lack of clarity over foreign venture capital investments (FVCIs) in India has led to 83 applications from foreign venture capital firms piling up with the Reserve Bank of India for approval.
Of these, about 28 venture funds (non-real estate funds) which have sought approval have committed close to $10 billion to India, according to lawyers involved [...]
By Rajani
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Posted in Real Estate News
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Also tagged Asset Price Bubble, Bank Of India, Capital Inflows, Financial Sector, Foreign Direct Investment, Hiccups, Hirani, India Entry, Market Participants, Policymakers, Private Equity Firms, Real Estate Sector, Regulators, Sebi, Venture Capital Firms, Venture Capital Funds, Venture Capital Investment, Venture Capital Investments, Venture Funds
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The savvy Indian investor is no longer content with restricting his investment horizon to the equity or property markets at home. A growing number of Indians are now buying property abroad and also taking an exposure to stocks of foreign firms and debt products. Hard numbers are a testimony to this fact.
From a mere $9.6 [...]
By Rajani
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Posted in Real Estate News
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Also tagged Acquiring Property, Bank Of India, Capital Inflows, Chip Firms, Debt Products, Forex Reserves, High Net Worth Investors, Indian Investors, Investing In Stocks, Investment Horizon, Leeway, Liberalization, Property Markets, Property Stocks, Rbi, Structured Products
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February 19, 2008 – 6:25 am
Reserve Bank of India plans to chalk out rules for companies dealing with credit card business and recommends making it obligatory for all players to register themselves with central bank prior to operating as issuers. Mr. V Leeladhar, RBI deputy governor, said “The regulations will have to be drawn out…They (companies) have to register”.
Credit card [...]
February 13, 2008 – 12:04 am
A day after public sector banks led by State Bank of India cut interest rates; Finance Minister P Chidambaram raised hopes of another round of cuts. It is known that in last month bankers waited before acting on Chidambaram’s suggestion. This time they appeared more cooperative, saying there was scope for fresh cuts. During a [...]
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