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
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
India Ratings and Research said in their reports that the home buyers will be benefited that are awaiting possession of their homes, by the India government’s decision to set up a Rs 25,000 crores fund to provide a priority for debt financing to complete stalled housing projects. The Fund would provide an alternative outlet to net-worth-positive […]
India Ratings suggest the imbalance of Demand-Supply may worsen with the Government’s Rs 25,000 crores fund.more