RAEL ESTATE FUNDING
India's buildings sector to expand by 6.6% next year driven by fiscal support, govt policies: Fitch
Long-term growth, on the other hand, will mainly be driven by country's massive population, which requires continued investments into residential building construction sector.
SBI to refund home loan borrowers if builder delays project
The scheme can be availed for projects where the maximum home price is upto Rs 2....
Why India must end Yes Bank’s theater of the absurd
The new management keeps dangling improbable funding options — ranging from an unnamed gl...
GIC to pick up Rs 430-crore stake in Prestige Estates
GIC has been investing aggressively in Indian real estate sector.
Global pension funds are eyeing Bengal's real estate market
With REIT opening up giving these foreign funds an opportunity to exit, the existing private equity funds such as KKR, Blackstone, JM Financial and Xander are also looking to increase their exposure in West Bengal's retail and logistics space, avers realtor Pradeep Sureka, vice president, Indian Chamber of Commerce.
Real estate ancillary industries counting on ‘stress fund’ for revival
The real estate sector and the construction industry together form the second-largest employer in India. Once construction of housing projects resumes, ancillary industries expect to get more business.
UP RERA likely to bail out 48 pending housing projects
The state government will provide funds from special Rs 25,000 crore corpus created by the finance ministry to bail out the real estate sector. According to officials, it will screen recommendations before releasing funds to developers.
NCDs preferred route for government AIF to invest in stuck realty projects
Government expects 15-17% returns from last-mile finance; fund gets first charge on project. While the fund will preferably offer last-mile financing for projects that are stuck in the absence of funding options, it expects the project proponent to have incurred at least 30% construction cost already.
Family finance: Why Rawats should link their investments with money goals
The couple's goals include building an emergency corpus, buying a car and another house, child education and wedding, and their own retirement. By linking their investments with goals and securing their risks, Rawat's will ensure a smooth journey.
Supertech seeks Rs 1,500 cr from stress fund to complete 12 housing projects
Realty firm Supertech on Sunday said it has sought Rs 1,500 crore from the government's newly created stress fund to complete its 12 ongoing housing projects at Noida and Greater Noida in Uttar Pradesh.
Majority of Americans favor wealth tax on very rich
Among the 4,441 respondents to the poll, 64% strongly or somewhat agreed that "the very rich should contribute an extra share of their total wealth each year to support public programs" - the essence of a wealth tax. Results were similar across gender, race and household income.
UP RERA asks developers to apply for stress fund
Central government has proposed Rs 25,000 crore stress fund out of which Government of India shall infuse up to Rs 10,000 crore and the rest shall be contributed by Banks, LIC and other sources.
Indicators signalling no quick revival in economy: Gita Gopinath
Earlier this week, Gopinath had said that IMF will revise estimates for India’s economic growth in January, which will be a significant downward cut over the previous estimate. IMF currently projects the country to grow at 6.1 per cent in 2019 and 7 per cent in 2020.
Stocks in the news: NIIT Tech, Indiabulls Realty, Future Retail, Prestige Estates and Jet Airways
Prestige Estates Projects's board has approved issuing 1.34 crore equity shares to GIC.
Escrowffrr raises $150,000 from Inflection Point Ventures in Pre-Series round
The company currently is focused on real estate and plans to utilize the funds raised through IP Ventures to grow their escrow business beyond real estate as a category, the investor said in a release.
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