Tag: #IL&FS crisis

IL&FS

IL&FS wishes to fetch Rs 1,500 crore by selling its headquarters in Mumbai.

September 4, 2020

Crisis-hit IL&FS will be inviting initial bids to sell its corporate headquarters in the Bandra-Kurla Complex (BKC) in Mumbai at the end of this month, almost two years after the debt-ridden infrastructure lender folded, two people with direct development knowledge said. By the end of this financial year, the organisation aims to monetise the high-end […]

IL&FS wishes to fetch Rs 1,500 crore by selling its headquarters in Mumbai.more
Financial crisis

Indian Real estate developers are at risk as nation’s credit market has dried up.

July 17, 2019

By Abhay Shah, Realty Quarter Indian developers are at risk of going belly-up as growing stress on the national credit market drowns funding even for those willing to afford high rates for decades. “With the increasing shadow banking crisis most developers’ borrowing prices have raised to a peak of around 20% in more than a […]

Indian Real estate developers are at risk as nation’s credit market has dried up.more
RBI

RBI will establish a specialized framework for bank and NBFC regulation.

May 22, 2019

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 […]

RBI will establish a specialized framework for bank and NBFC regulation.more