Category: Delhi

Investment: How to avoid stalled project risk and evaluate the financial health of a developer’s project?

November 29, 2019

Despite India’s property sector being subjected to delayed and stalled housing projects, home buyers are in the need of checking the financial health of a builder, so as to prevent any uncertainty about its completion. “To avoid risks later it is extremely important for a buyer to verify a project’s financial health. See the company […]

Investment: How to avoid stalled project risk and evaluate the financial health of a developer’s project?more

Recent guidelines by SEBI on preferential issue & institutional placement by listed REITs.

November 28, 2019

On Wednesday, the Securities and Exchange Board of India (SEBI) provided guidelines on the preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust (REITs). The regulator said that if it has been listed for a period of 12 months, a listed REIT may create a preferential issue of […]

Recent guidelines by SEBI on preferential issue & institutional placement by listed REITs.more

Stressed property assets provide institutional investors with investment opportunities.

November 27, 2019

Institutional investors have set a solid beginning by investing over $1 billion in stressed property opportunities. The strategy is expected to progress with the more establishment of the law of Insolvency and Bankruptcy Code (IBC), which came into force in 2016. Companies with large liabilities have liquidated their real estate assets, which leads to new […]

Stressed property assets provide institutional investors with investment opportunities.more

ICRA report: Debt exposure of top realty firms reduces by 25% in the last three years.

A report from ICRA demonstrates that the total exposure of debt to the real estate sector has grown by 38% since the financial year 2017. But on the other hand, the debt levels for primary realty players on the list have fallen by 25% in the same period. The report showed that major listed real […]

ICRA report: Debt exposure of top realty firms reduces by 25% in the last three years.more

PMAY-Urban: Individual can check their housing subsidy application online through the CLSS Awas portal.

November 26, 2019

CLSS Awas portal was launched on 25 November by Union Minister Hardeep Singh Puri, through which people will be able to track their applications for housing subsidies under the Pradhan Mantri Awas Yojna (PMAY)-Urban. The Ministry of Housing and Urban Affairs said at the launch of the Credit Link Subsidy Scheme (CLSS) Awas Yojana that […]

PMAY-Urban: Individual can check their housing subsidy application online through the CLSS Awas portal.more

Indian government investigation for swiss bank account continues with Maharashtra’s Sangli royal family.

November 25, 2019

India’s investigation of Swiss bank accounts held by its citizens has taken a ‘royal’ turn, asking Swiss tax offices for information of two members of the ruling family, from the former princely State of Sangli, now in Maharashtra. Following India’s application for “administrative assistance” in this matter, the Swiss Federal Tax Authority released a public […]

Indian government investigation for swiss bank account continues with Maharashtra’s Sangli royal family.more

DHFL write-offs will hit Indian Banks by Rs 36,000 crore.

November 22, 2019

India’s sudden takeover of a struggling Indian shadow bank will not stop its lenders’ troubles, faced with the risk of significant write-offs if a fraudulent account is reported to Dewan Housing Finance Corp. If the KPMG report absolves Dewan of irregular lending, then only around Rs 5,500 crore of provisions would be needed. Dewan has […]

DHFL write-offs will hit Indian Banks by Rs 36,000 crore.more

Analyst poll – Real estate sector is expected to bounce back modestly through the government measures.

According to an analyst poll by Reuters, The housing market in India, burdened by unfinished projects, as developers struggle to access money, is expected to recover modestly in the coming year on government efforts to unblock the market. The government has approved the 100 billion rupees ($1.4 billion) fund earlier this month to help clear […]

Analyst poll – Real estate sector is expected to bounce back modestly through the government measures.more

FPCE demands Prime Minister’s intervention to get errant developers to NCLT.

November 21, 2019

The Forum for People’s Collective Efforts (FPCE) lobby of homebuyers requested involvement by Prime Minister Narendra Modi to avoid any attempt to prevent homebuyers from moving the National Company Law Tribunal (NCLT) against errant builders. Last year the Government implemented the Insolvency & Bankruptcy Code to consider homebuyers as financial creditors and authorize them, in […]

FPCE demands Prime Minister’s intervention to get errant developers to NCLT.more

WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.

November 20, 2019

On Wednesday, the WeWork owner declared a net loss that has been more than doubled to $1.25 billion in the third quarter, as the company’s operator added a record number of desks to its global network but was unable to control rising costs. In the quarter ended Sept. 30, WeWork opened 97 new sites, the […]

WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.more

Category: Delhi

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