Tag: #RBI

CREDAI plans to reset the interest rate along with rescheduling debt repayment.

March 19, 2020

Against the backdrop of the Coronavirus outbreak and its effects on the economy, the body of real estate developers, the Confederation of Real Estate Developers’ Associations of India (CREDAI), seeks to delay the debt repayment scheduled for the next 3 months and to be permitted to recover in installments over the next 12 months. The developers’ […]

CREDAI plans to reset the interest rate along with rescheduling debt repayment.more

Reliance Home Finance Company failed to repay Rs 40 crore loans in February.

March 11, 2020

On February, the Reliance Home Finance Company, which is owned by Anil Ambani, defaulted to repay Rs 40.08 crore loan, it reported in a regulatory filing on March 10. The company has some Rs 700 crore funds in the form of liquid mutual fund investment, it said. “However the delay in debt servicing is due […]

Reliance Home Finance Company failed to repay Rs 40 crore loans in February.more

The striking claim of Indiabulls Housing on Yes Bank for Rs 662 crore.

March 9, 2020

Indiabulls Housing Finance said on Sunday that Yes Bank owes Rs 662 crore as bonds to the firm and does not have any term loans pending from the lender. “We wish to notify that Yes Bank via additional Tier 1 (AT-1) bonds owe to Indiabulls Housing Finance Rs 662 crore,” the report said in a […]

The striking claim of Indiabulls Housing on Yes Bank for Rs 662 crore.more

NBFCs and HFCs are presumed to get additional one-year loan restructuring extension.

February 24, 2020

The next possible extension of the Date of Commencement of Commercial Operations (DCCO) of commercial real estate project loans by one year without downgrading asset classification may be allowed in a financially sound Non-Banking Finance Companies NBFCs and Housing Finance Companies (HFCs). Official sources stated that, following the recently concluded meeting of the Monetary Policy […]

NBFCs and HFCs are presumed to get additional one-year loan restructuring extension.more

How to calculate interest rates on a home loan?

February 10, 2020

Although several repo rate cuts (the rate at which banks borrow from the central bank) was made by the Reserve Bank of India (RBI), lending rates have not witnessed a corresponding shift. Homebuyers, therefore, are often eager to know why this occurs, and how banks and housing finance companies (HFCs) charge interest rates. Below are […]

How to calculate interest rates on a home loan?more

EOW filed 32,000- page charge sheet against the promoters of HDIL and others.

December 30, 2019

The Economic Offenses Wing of Mumbai Police On Friday, in a Metropolitan magistrate court, filed a 32,000-page charge sheet against five persons at multi-crore Punjab and Maharashtra Cooperative (PMC) Bank scam. The charge sheet has been marked by Joy Thomas, former director of the bank, Waryam Singh, former chairman, Surjit Singh Arora former director of […]

EOW filed 32,000- page charge sheet against the promoters of HDIL and others.more

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.

December 6, 2019

The real estate developers expressed disappointment at the decision of the Reserve Bank of India to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. The Reserve Bank of India since February has reduced interest rates by cumulatively 135 basis points in five consecutive reductions in […]

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.more

Last 3 years of NPA recovery resulted in 1.7 lakh seized properties.

December 4, 2019

In the last three financial years, in accordance with the laws on the recovery of non-performing assets of public sector banks more than 1.7 lakh properties which have a market value of Rs 2.3 lakh crore were taken over or confiscated, the government said Parliament on Monday. In response to the question in Lok Sabha, […]

Last 3 years of NPA recovery resulted in 1.7 lakh seized properties.more

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

November 22, 2019

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

The cabinet opens Rs 25,000 crore window for projects that are on hold.

November 7, 2019

In order to reactivate the main industry, also to boost the economy and to provide aid to home buyers, the cabinet approved Rs 25,000-crore special windows to finance housing projects that are stalled. The money will be available for projects that are “net worth positive,” FM Nirmala Sitharaman said. There will be potential distribution to […]

The cabinet opens Rs 25,000 crore window for projects that are on hold.more

Tag: #RBI

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