A prime property in Juhu Vile Parle Development, Mumbai, is set to be auctioned due to failed payments to State Bank of India and Union Bank of India. The residential building houses Bollywood celebrities like Sara Ali Khan, Arjun Kapoor, and Shatrughan Sinha.
TCG Real Estate secures Rs 714 crore funding from SBI for World Trade Center project in Gurgaon, with a leasable area of 1 million square feet.
Top 25 real estate developers contributed over Rs 630 crore to political parties via electoral bonds between 2019 and 2023, with the BJP receiving the largest share of Rs 314 crore.
PNB reduces home loan interest rates above Rs 50 lakhs to 6.60% and waives processing fees as part of its Festival Bonanza
Multiple banks, including SBI and HDFC, have decreased home loan interest rates, aiming to boost housing sales before the financial year ends. Experts anticipate increased demand.
Lenders have issued a legal notice to Kingfisher Airlines, warning they will seize realty assets if loans are not repaid. The assets include their Mumbai office and a villa in Goa.
Air India intends to lease Delhi real estate to government enterprises, favoring them over private companies. ONGC, LIC, and SIB have displayed interest in leasing the property.
The CMDA has authorized the conversion of industrial land in Guindy to residential use, potentially attracting developers amidst rising property prices.
ICICI Bank reported a 31% quarterly profit increase, anticipating loan growth supported by a recent rate cut despite concerns about India's economic outlook.
In 2009-10, banks showed mixed responses to lending in real estate, with ICICI reducing lending while others increased, impacting residential and commercial sectors differently.
SBI may extend its 8% home loan scheme beyond March 31, offering relief to borrowers. Despite RBI concerns, SBI believes the scheme supports economic growth and key sectors.
Jaypee Group announces Jaypee Greens Sports City in Greater Noida, near key landmarks, offering affordable 2 and 3 bedroom apartments and commercial properties.
MCHI's Property 2009 exhibition in Mumbai showcases properties from 75+ developers. Co-organized by SBI, it features financing offers for aspiring homeowners in Mumbai, Thane, Navi Mumbai, and Pune.
Donald Trump Jr. to invest $1bn in Indian real estate, with a Mumbai project, betting on economic growth.
State Bank of India anticipates enhanced asset quality in Q1, attributed to recovered bad loans amid deteriorating credit quality in 2007-08.
Housing finance is under pressure as banks increase developers' contribution limits amid rising rates and an uncertain economy, impacting real estate investments.
The slowdown in the real estate sector has led to a decline in loan securitization, with debt mutual funds pulling back due to increased risks and waning demands for securities.
SBI plans to reassess home loan interest rates shortly, following a recent increase in its PLR, indicating potential changes in lending conditions.
Kerala's real estate is attracting NRI investment, with a property expo in Doha showcasing township and residential projects. Driven by a growing IT sector and Gulf buyers, the market shows a strong upward trend.