"Real estate developers in the key NCR markets had a total of 108,937 unsold units till the end of July 2019. Of these, 58,516 homes were priced at Rs 45 lakh or less," PropTiger said in a report
These loans until now have been among the best performing assets for banks given their ability to generate higher yields
According to the GNIDA order, the first instalment is due to be deposited by October 31.
Sales affected after 3 yrs of growth in volumes
As lenders stop new credit, builders are forced to offload properties
The growing number of insolvencies highlight Indian property developers' inability to complete apartments and meet their debt obligations amid the funding crisis
If you are looking at buying real estate, an idea about prevailing rates would come in handy
Kirana stores hold the key to retail and ecommerce growth in India
Corporate Affairs Secretary Injeti Srinivas said the personal insolvency regime would be fully operational in one year
Assisted promoters to retain control of real estate company
Real estate have moved a portion of their ad spend to the digital space to cut cost
Property developers are unlikely to pass on any benefit to homebuyers in the form of price cuts
If you are looking at buying real estate, an idea about prevailing rates would come in handy
Management has sought signing of ICA by lenders to restructure liabilities
The duo is doubling the size of the $500-million platform, which it floated in 2015
Rajiv Talwar, chief executive at DLF, the country's largest listed property developer, said when there is more money in the hands of corporate entities and people, it will makes a difference
Rises to 30 months worth of revenue, up from 24 months a year ago
No replacement for Grewal has been found yet
Proposed fund targets affordable & mid-level projects that are 60% complete, but with riders
Homebuyers should keep IBC as the last resort; if the delayed project is without encumbrances, they should explore self-development