RBI issues circular to all NBFC on financing for Housing Projects

By Prashant Chaubey In conformance with the Honourable High Court of Judicature at Bombay observations, the Reserve Bank of India (RBI) on 6th May 2010, through a circular advised all Non-Banking Finance Companies of the country granting finance to housing / development projects that they should insist on disclosure of

ASK Group’s Property Investment Advisors arm invests Rs 326 Cr in TVS group, Tridhaatu, QVC Realty

By Rohit Sharma MUMBAI: ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group today announced that it has invested Rs 326 crore in housing project develop by QVC Realty Developers, Tridhaatu Realty and TVS Emerald part of TVS Group. Amit Bhagat, MD & CEO, ASK Property Investment Advisors

RBI reduces repo rate by 25 basis points to 6.25%

By Rohit Sharma NEW DELHI: The Reserve Bank of India’s Monetary Policy Committee (MPC) Thursday reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent. The MPC also decided to change the monetary policy stance from calibrated tightening to neutral. Repo

Residential prices expected to remain contained, launches & sales expected to pick pace: Report

By Accommodation Times Bureau MUMBAI: Knight Frank India in association with National Real Estate Development Council (NAREDCO) and the Federation of Indian Chambers of Commerce and Industry (FICCI), today released the Real Estate Sentiment Index, which broadly captures the overall perceptions and expectations of industry leaders. The report is based on a