Noida Extension Gets Green Signal: Tension Almost Over! NCR Planning Board gives conditional approval for Greater Noida Master Plan 2021
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Sun, 1/04/12 – 16:57 | No Comment

Around 50,000 homebuyers will heave a sigh of relief, as the uncertainty surrounding the fate of Noida Extension housing projects seems to be almost over.
The NCR Planning Board (NCRPB) on Thursday gave a conditional approval …

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More than 6% Decline in Real Estate Firm Unitech’s Shares
Wednesday, 1 Dec, 2010 – 10:48 | No Comment
More than 6% Decline in Real Estate Firm Unitech’s Shares

Shares in Indian real estate firm Unitech Ltd fell more than 6 percent on Monday, after ET reported that investigative agencies were probing a financial transaction the firm entered into in 2007. …

CREDAI fears Drastic Reduction in Credit because of Housing Scam
Wednesday, 1 Dec, 2010 – 7:48 | No Comment
CREDAI fears Drastic Reduction in Credit because of Housing Scam

The Confederation of Real Estate Developers’ Association of India has said that “painting” the ‘loan-for-bribe’ as a scam, would lead to drastic reduction in credit for real estate companies. Bankers would become …

Property prices may crash as loan scam hits funding
Monday, 29 Nov, 2010 – 10:56 | No Comment
Property prices may crash as loan scam hits funding

MUMBAI/NEW DELHI: Finance minister Pranab Mukherjee’s direction to state-run lenders to prevent a recurrence of the loans-for-bribes scandal, and banks’ decision to go for a critical appraisal of all real estate loans …

VC firm Canaan Partners to invest $120mn in Indian IT cos
Monday, 29 Nov, 2010 – 8:55 | No Comment
VC firm Canaan Partners to invest $120mn in Indian IT cos

NEW DELHI: Venture Capital firm Canaan Partners plans to invest up to $120 million over …

Sensex likely to bounce back; may regain 19,500-mark: Experts
Monday, 29 Nov, 2010 – 6:55 | No Comment
Sensex likely to bounce back; may regain 19,500-mark: Experts

MUMBAI: The Bombay Stock Exchange benchmark Sensex, which witnessed a steep decline of over four per cent in last four trading sessions, is likely to rebound in the coming week with a …

Loan scam: Realty industry sees no impact on housing prices
Saturday, 27 Nov, 2010 – 16:38 | No Comment
Loan scam: Realty industry sees no impact on housing prices

NEW DELHI: Demand and prices of property are unlikely to decline as a result of the housing finance scam racket unearthed by CBI …

Indian Retail Sector Lost Rs 9259.9 cr to Theft and Shoplifting in 12 Months
Saturday, 27 Nov, 2010 – 13:35 | No Comment
Indian Retail Sector Lost Rs 9259.9 cr to Theft and Shoplifting in 12 Months

The Indian retail sector lost Rs 9,295.9 crore to shoplifting and theft during the 12-month period ended June, 2010, which added Rs 6,631 to the shopping bill of the average family, according to …

Loan Scam to Affect Real Estate Companies: SMC Global
Saturday, 27 Nov, 2010 – 11:32 | No Comment
Loan Scam to Affect Real Estate Companies: SMC Global

The ongoing investigation of LIC Housing Finance and some public sector banks is set to impact realty companies, which are already facing a crisis of confidence among institutional investors. The development will …

15% Fall in Real Estate Index
Saturday, 27 Nov, 2010 – 9:30 | No Comment
15% Fall in Real Estate Index

India’s main real estate sector index fell nearly 15 percent on Friday, on fears that an ongoing probe into a financial bribery scandal could involve more real estate companies, traders said.
At 10:44 a.m. …

No Restrictions on Disbursements to the Real Estate Sector- SBI
Saturday, 27 Nov, 2010 – 7:30 | No Comment
No Restrictions on Disbursements to the Real Estate Sector- SBI

The country’s largest lender State Bank of India (SBI) today said the housing finance racket, involving CEO of LIC Housing Finance and several senior bankers, will not hit disbursements to the real …