By Abhay Harish Shah, Realty Quarter In the Indian real estate market, Non-Resident Indians (NRIs) are an important investment segment. NRI’s generally purchase properties for investment purposes or for retirement purposes from their emotional connection with their country. India has emerged for international capital as a lucrative location. “Overseas Investments have increased by 137% from 3.2 […]
By Abhay Harish Shah, Realty Quarter In a statement on 21st May 2019, the Reserve Bank of India (RBI) board decided to set up a specialist overseeing and regulatory framework for the RBI with the aim of strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies, the central bank […]
By Abhay Harish Shah , Realty Quarter In the first fiscal policy of FY 2019-20, the Reserve Bank of India (RBI) cut its benchmark repo rate by 25 basis points. At Present, the repo rate remains at 6%. It kept the strategy position at nonpartisan, flagging that financing costs would stay in the stable to […]
India’s housing market has struggled for growth in recent years and if the central bank raises interest rates this week, there could be a further slowdown in the sector, experts told CNBC. A rate hike would “definitely have a negative impact” on the housing market outlook, Ramesh Nair, CEO and country head at real estate […]
By Realty Quarter Bureau State-owned Bank of Baroda on Tuesday raised benchmark lending rate by 5 basis points across tenure in line with other competitors. The decision to raise lending rate comes a day before the bi-monthly monetary policy announcement of the Reserve Bank of India indicating pressure on interest rate to move upward. Marginal cost […]
NEW DELHI: The Reserve Bank of India (RBI) has levied monetary penalties on three Non-Banking Financial Companies (NBFCs) for failing to comply with its directives for housing finance companies. According to an official statement from the RBI on Friday, it has imposed a penalty of Rs 5 lakh on Godrej Housing Finance Limited, Rs 5 […]
Bajaj Housing Finance is gearing up to launch its highly anticipated initial public offering (IPO) worth Rs 6,560 crore on September 9, 2024. This public subscription event will close on September 11, with a special bidding window for anchor investors set to open on September 6, as outlined in the red herring prospectus (RHP). The […]
The Supreme Court has given the green light to auction Samrudhhi Realty’s assets, aiming to recover a debt of approximately Rs 5,000 crore. The decision, handed down on Tuesday, authorizes the liquidator to proceed with the auction process. However, a bench led by Justice Abhay S Oka clarified that if any of the assets belonging […]
NEW DELHI: According to Crisil Ratings, housing finance companies (HFCs) that accept public deposits are expected to navigate the Reserve Bank of India’s (RBI) revised guidelines, announced on August 12, 2024, without significant difficulty. The revised guidelines, which include several operational adjustments, introduce three main changes for HFCs involved in public deposit-taking. First, HFCs are […]
NEW DELHI: Bajaj Housing Finance, along with four other companies, has received the green light from the Securities and Exchange Board of India (SEBI) to raise funds through initial public offerings (IPO), according to a recent update from the market regulator on Monday. The other companies include Manba Finance, Baazar Style Retail, Diffusion Engineers Ltd, […]
