Naidu pitches high in US for investment in India’s Urban sector

By Accommodation Times News Services Minister of Urban Development and Housing & Urban Poverty Alleviation Venkaiah Naidu has strongly pitched for US investments in urban sector in India explaining the opportunities under new initiatives of the Government to a host of US policy makers, officials and corporate. Naidu, who is on a

Home presales to rise in India by 5-10% during 2016: Fitch

By Accommodation Times News Services According to a recent report by rating firm Fitch Ratings the presales of property developers will improve by 5-10% over 2016 but, their debt reduction will be gradual because many companies are introducing easy payment schemes over the past 12-18 months which delay cash payment from buyers. As per their report presales

Fitch assumes Indian property market to improve by March 2016

By Accommodation Times News Services Global rating agency Fitch in a report claimed that property market in India is likely to be improved by the end of March 2016, following the upturn in the country's investment and reduction in interest rates, they also mentioned that this will provide relief to the

Builders pitching expert panels to clear the projects

By Accommodation Times News Service The Maharashtra Chamber of Housing Industry (MCHI) wants the state government to disband the high rise committee. The organization has said, they also want two panels comprising fire experts and structural engineers should be formed to certify construction projects. CREDAI one of the main regulating said,

NPA with Indian Banks will rise : Fitch

By Accommodation Times Bureau Non-performing loans will rise over the next year for Indian banks as the economic downturn continues, Fitch Ratings says. Recent asset quality trends at both large and mid-sized government banks confirm our forecast that the Indian banking system's reported gross NPL ratio will rise close to 4.2% for

India`s real estate outlook negative for H212: Fitch Rating

By Accommodation Times Bureau The rating outlook for the Indian real estate sector continues to be negative for H212, due to persistent sluggish demand, high construction costs and liquidity pressures, says Fitch Ratings. Given Reserve Bank of India`s caution on interest rate cuts, high equated monthly installments (EMIs) will continue to

Commercial property faces tough July: Fitch

By Accommodation Times Bureau A wave of commercial property loans will mature in July and Fitch expects most of these to fail to repay investors due to a lack of refinancing options. The problems of refinancing commercial real estate loans were highlighted last week when Commerzbank, the largest CRE lender in

Fitch: Negative Outlook for Indian Real Estate Sector in 2012

By Accommodation Times Bureau 16 Jan 2012 Fitch Ratings- New Delhi/Singapore-16 January 2012: Fitch Ratings says it has a Negative Outlook for the Indian real estate sector in 2012 due to weak overall demand and higher construction costs, which are likely to continue to squeeze margins. High equated monthly