The Reserve Bank of India joined the huge battle on March 27 with a host of steps aimed at mitigating the harm from Covid-19 a day after Modi govt started his economy rescue in right earnest with a Rs 1.70 lakh crore coronavirus counter. Those steps come just hours after Moody’s Investors Service reduces India’s […]
Reserve Bank of India puts hold on Housing Loan EMI’s for the next three months.more
Industry leaders around the globe undertake social responsibility in one way or another, and players in the Indian real estate industry are still not behind. Although some have given their workers advance salaries, others contribute funds to the hospitals. Godrej Group has dedicated a Rs 50 Crore fund for community support and relief initiatives. The […]
Real estate leaders undertake social responsibility by contributing there best in this COVID-19 issue.more
Markets regulator Sebi has ordered Second Land Developers Pvt Ltd (SLDPL) now established as Shivris Resources Pvt Ltd, and its senior officials to compensate ABG Shipyard Ltd in three months for illicit profits of a little over Rs 101 crore. The sum has to be paid along with an 8% annual interest rate. Second Land […]
SEBI orders Second Land Developers Pvt Ltd and its officials to repay ABG Shipyard LTD Rs 101 crore.more
Real estate developers body is looking for a 12-month deferral of housing loan instalments, a 2-year moratorium on project loans, issuance of building plans and other permits that are being supported by payment of fees, and other steps to help the real estate industry in UP and Haryana. The National Real Estate Development Council (NAREDCO-UP) has […]
Developers’ body seeks to defer housing loans EMI for a 12months.more
It’s been over a decade since these NRIs paid in crores to get their dream house. They were looking to live the rest of their lives there. And that’s why they paid their hard-earned money to Emaar projects in Hyderabad near Hitec City that offered them excellent villas and apartments. Now, after a decade of crushing […]
Homebuyers approach NCLT claiming Emaar Company as an insolvent.more
Finding it hard to keep a tab on people being asked to be home-quarantined to control coronavirus disease (COVID-19), Pune Municipal Corporation (PMC) has now placed the responsibility on the chairpersons of housing societies to see if the respective residents are being confined. The officials of the civic body have agreed to send the list […]
PMC makes housing societies’ chairpersons accountable to make the residents home quarantined.more
Realty developers are now advertising their latest releases through digital platforms, as the Covid-19 outbreak and the predicted reduced amount of visits of homebuyers at their sales offices provide no relief. Several major developers such as Godrej Properties, Total Environment Building Systems, and Prestige Group have introduced digital site tours, confirmations and verifications from email […]
Realty developers to advertise and close the housing deals via digital platforms.more
While the industry and policymakers evaluate the damage caused to the banking system by the Coronavirus attack, a ball-park possible based on the past forecast reveals that, in the worst-case scenario of macro-economic recession, bad loans may grow to 120 basis points with banks in the private sector experiencing high risk. A stress test performed by […]
Market forecast: Private sector banks may face the maximum risk of bad loans.more
As England’s high court and Wales provided the free pass to refinance the loan, Vijay Mallya would be able to retain his London family house, ensuring he pays over Rs 200 crore to Swiss bank UBS. On May 15, 2019, it had announced how Mallya had time until April 30, 2020, to pay the mortgage […]
Court approves refinancing loan application of Vijay Mallya to pay the mortgage to UBS.more
Realty developers body the Confederation of Real Estate Developers Association of India (CREDAI) has opted to pay construction staff even though they are off work owing to sickness or work stoppage at the site in the context of ongoing coronavirus mayhem. CREDAI has mentioned in a letter to members of its realty developers that this change would […]
Realtors’ body rules to provide wages to the construction workers even though they are off work due to COVID19.more