Articles in the Commercial Category
Reserve Bank of India (RBI) has come out with revised draft guidelines on commercial real estate (CRE) exposures. The revision comes in the wake of doubts raised in certain quarters on treatment of specified exposures. …
Real estate company Unitech is planning to merge all its eight telecom subsidiaries to consolidate and better manage the telecom business.
Each subsidiary typically has licences for three to four circles and together, they cover all …
While most real estate developers were disappointed with the Budget, a few realtors and global property service provider Jones Lang LaSalle (NYSE:JLL) Meghraj stated that increased infrastructure spends would indirectly benefit real estate. Mr Anuj …
Reacting to the union budget 2009 -10, Kumar Gera, chairman, Confederation of Real Estate Developers Association of India `s (CREDAI) said, “CREDAI having more than 4,000 members involved in Real Estate Development across India is …
Leading bankers on Tuesday cautioned real estate developers against raising residential prices, saying that any such move at this juncture would stall recovery in the market. “Certain top-rung developers have already started increasing prices, especially …
The RBI’s draft guidelines on classification of commercial real estate exposure of banks may provide some relief on loans provided for acquisition of units in special economic zones. However, RBI has not found merit in …
Unitech is planning to raise $300-500 million through an issue of convertible debt instruments to multiple private equity investors.
According to a person with direct direct knowledge of the company’s plan, Unitech, which is desperately looking …
The board of directors of JP Associates Ltd (JAL) has approved the merger of four of its arms operating in hospitality, cement and other related business into JAL. The merger will be effective from 01 …
The year 2009 will lift the gloom in the real estate market as the property market turns buyer friendly with the cuts in property rates and home loan rates. Developers for their part would benefit …
After successful completion of cheapest car project, Tata group is now working on cheapest hosing solution through its two realty subsidiaries, Tata housing and Tata Realty. Tata group has discussed about the land requirement for …
