The government’s 4.92 per cent share-sale offer in state-owned power producer SJVN was oversubscribed on Thursday with institutional investors bidding for over 20.91 crore shares against 8.70 crore shares reserved for them.
The 200 billion rupee ($2.5 billion) equity sale via the further public offer mechanism, approved Friday, gives the company maximum flexibility, including pricing at a discount to target more investors, Chief Financial Officer Jugeshinder Singh said in an interview.
In real estate, logic goes for a toss when one finds two identical companies with similar financials but different fortunes on the bourses.
Roongta said India’s housing market is witnessing strong demand despite the hardening of the interest rates on home loans in the last six months.
Countries where the property ladder is least accessible include Luxembourg, Switzerland and South Korea
"The move to reduce interest rates by few banks is encouraging and will create competitive housing finance options for the home buyers and eventually will pave the way for robust housing demand,” said Jayesh Rathod, Executive Director, The Guardians Real Estate Advisory.
The top court has delivered a very stern message to builders that environment and public safety is sacrosanct, which should discipline the violaters, but buyers also need to do more checks before selecting a property
Just 15% of end-users in NCR felt the need to upgrade to bigger homes, while 65% of buyers in MMR upgraded, driven by the 'new normal' imperatives of WFH and e-schooling.
In the grocery segment, over 60 percent of new customers were from tier II and III cities and towns
Investors may have to guard against elongated timelines for liquidation of unsold inventory going forward on account of the pandemic, an EY report has said
The onus is now on the SC to find a middle-ground whereby rights of homebuyers as financial creditors are not curtailed and the developers are not made to bear the brunt of unfettered rights vested in the hands of buyers
The acknowledgement of the problems with the slowdown in economy by the government was reassuring news for the market.
This will help new vehicle buyers save on extra registration costs charged by dealers for this service.
Moneycontrol's M Saraswathy gets all the details from banking correspondent Beena Parmar over the possible measures the IL&FS board can take to revive the fortunes of the company.
IndiaMART, the front-runner of the cause of entrepreneurial fervor in the country, is now set to seal its position as the enabler of business growth ...
Prime Property questions the lengthy TDS and very often the corrupt approval process hurting buyers and builders; showcases inefficiency by government departments makes projects 7-10 percent more expensive for buyers; also Prime Property goes to south for the foundation of India's newest capital city Amaravati in Andhra Pradesh.
The automotive website by Creative Web Media, autoportal.com, is in the news ...
Prime Property this week showcases A] Noida home buyers now alleged that builders are forcing them to sign NOCs to completion certificates and also claimed extra demands are being raised for possession; B] Prime Property gets you a legal perspective on this; & C] in Chennai builders are giving hefty discounts to bring buyers back into the market.
The ads, designed to get readers to click links to download an app or go to a company's web site, failed to deliver as promised. As a result, Twitter cut ad rates, impacting quarterly revenue by USD 4 million to USD 5 million.
Delhi Development Authority, after a four-year hiatus, decided to launch its biggest ever housing scheme this September. With over 25,000 flats on offer, this is the one chance buyers get to own a small piece of the national capital at literally throwaway prices. But this time around we didn‘t see a buyer frenzy.
The on-line real estate portals have able to garner around three per cent of the total industry transactions and eastern region was fast catching the trend. "The market share for on-line real estate market was 0.5 percent 2-3 years back and now it has grown to 3 per cent," India Property Online Regional Manager (East) Srinivas Verma told PTI here.
Townships are the wave of the future for Indian residential real estate, but not have the right ingredients for success. Buyers and investors looking at townships should certainly establish if the right combination of factors exists before making a purchase commitment.
RBI has asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of "innovative" housing financing schemes.
The Bill envisages to bring forth a higher level of transparency and accountability from the developer community. It will protect end user's interest.