2022-10-07
Canara Bank promoted housing loan provider Can Fin Homes is planning to raise debt capital of up to Rs 4,000 crore. The proposal is being placed to the board seeking approval and authorisations for issuance of non-convertible redeemable debentures up to an amount of Rs 4,000 crore, on private placement basis.
2022-10-06
After denying it five years ago, the state cabinet has now approved cost escalation of Rs 600 crore for phase-I of Nagpur Metro Rail Project. The state cabinet approved increase in project cost from Rs8,680 crore to Rs9,279.6 crore citing increase in expenditure of land acquisition, construction of two additional stations (Airport South and Cotton Market) etc.
2022-10-06
Developers have made a demand to the state government to provide a partial waiver in stamp duty payment to boost sales of real estate in Maharashtra. The proposal was mooted on October 3 to Chief Minister Eknath Shinde. Many developer bodies across the state besides Naredco have been demanding this reduction since last year.
2022-10-06
IDBI Bank, the lead lender to Jaypee Infratech, is all set to seek bids via a Swiss challenge auction for the distressed borrower's ₹22,600-crore debt. Potential bidders will have to compete with the National Asset Reconstruction Co's (NARCL) ₹3,570-crore offer - the biggest to date by the government-backed bad bank.
2022-10-06
Home sales in the Greater Toronto Area fell in September, while the average selling price edged up slightly from the previous month, data from the Toronto Regional Real Estate Board (TRREB). The average selling price in the region edged up 0.7% from August to C$1.09 million ($806,511), supported by condos, though prices are down 4.3% on the year.
2022-10-06
CBRE Investment Management has deferred redemption payments on its UK property fund due to market conditions. Sharp rises in interest rates this year have encouraged pension funds and other institutional investors to switch out of property funds, industry consultants say, as they no longer need to hunt out yield through investment in riskier assets.
2022-10-06
Property consultant Anarock is targeting 37 per cent growth in revenue this fiscal to Rs 550 crore driven by rise in housing sales and income from other advisory services. Mumbai-based Anarock, one of the leading housing brokerage firm, had achieved a 32 per cent growth in its revenue at Rs 402 crore during the last fiscal year.
2022-10-06
Many wealthy Indians are paying in cryptocurrencies to buy properties in Dubai, with leading realtors in the emirate accepting the digital coins to cut deals. With the Reserve Bank of India (RBI) imposing a shadow ban on cryptos and the finance ministry almost taxing the asset to death, many high net-worth individuals (HNI) investors have moved their cryptos to Dubai and other financial centres.
2022-10-06
The Maharashtra state cabinet approved restarting of the housing loan scheme for police personnel. The amount required to be given as loan is around Rs 900 crore, said sources, but budgetary provision was only Rs 80 crore. In 2019, when the scheme was discontinued, there were 3,500 applicants but the number of applicants had gone up to over 5,000.
2022-10-05
Music composer and singer Bappi Lahiri’s daughter Rema Lahiri has sold its property including half an acre land parcel and a ground plus three-storey building in Mumbai’s plush Worli locality for Rs 40 crore. Realty developer Harbour Front Properties LLP, which is part of the Avighna Group, has acquired the property and is planning to redevelop the same.
