The Indian real estate market, which came to a standstill in 2020 because of the first wave of the pandemic and lock downs, has shown indomitable resilience and crafted its way forward in 2021
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long up cycle
Indeed, the Indian real estate sector has been transformed significantly over the last decade. This transformation has been accelerated further by the central government’s reformative steps to bring ‘Acche Din’ to the realty sector
While there were signs of a significant revival in the property market in the first quarter of 2021, a momentary halt in any upward trajectory is being seen now
Finance Minister, Nirmala Sitharaman presented the Union Budget 2020-21 on 1st February. Here are the highlights of the budget for the real estate sector
The company's deposits registered a growth in the first half of the year and were at Rs 1,742 crore as of September 30, 2020, with a net accretion of around Rs 140 crore.
Swiss-based LafargeHolcim in a statement to Reuters confirmed officials visited the Mumbai offices of ACC and Ambuja Cements and said the companies were fully cooperating with the authorities, but could not comment further as the matter is ongoing.
Chief Metropolitan Magistrate (CMM) of Karkardooma Court in January this year had ordered to registered an FIR against Rudra Buildwell Pvt Ltd, Mukesh Khurana and Babita Khurana under various charges dealing with cheating and criminal conspiracy.
They have also been restrained from associating themselves as directors or promoters of any listed public company or associating with any intermediary registered with Sebi, the regulator said.
RBI has allowed lenders to restructure their book which was not more than 30 days past due as on February 29, 2020. The credit cost that has to be provided on the restructured book is higher of 10 per cent or extant provisioning held on those assets.
Indian Bank's exposure to RHFL is only Rs 120 crore out of the total debt of over Rs 1,00,000 crore. It is to be noted that earlier Delhi High Court had stayed such classification by the lead bank Bank of Baroda on August 14.
Referring the matter to the debt recovery tribunal (DRT) in Hyderabad, the court also directed Pratap Reddy not to sell or mortgage the shares to others in the meantime.
Indian Oil’s registered office building stands on a 1,200-sq m plot in BKC’s C-50 zone that was allocated in April 2004 for a lease period of 80 years.