Panchsheel Greens II is the second project in Greater Noida which has received financial assistance from the stressed fund. Earlier, Rs 165 crore was sanctioned to the Capital Athena project.
Of these 80 stressed real estate projects that SBICAP Fund has accorded final approval to, 33 are from Delhi-NCR and will see the completion of around 28,000 homes.
The funding will be utilized for the construction and completion of its project Mantri Serenity.
This takes the total number of proposals approved for the Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I) to 101 and the total investments to over Rs 10,000 crore
Investments in 18 projects have been given final clearance and disbursement is at various stages across 7 residential projects; Builders and buyers welcome the move
The two deals are expected to unlock a capital of Rs 3,000 crore and provide relief to 1,800 homebuyers, benefiting over 8,500 people, a top official of SBI Capital Markets told Moneycontrol.
The four approved in the first round are of Rs 25 crore each. As many as 2.5 lakh housing units expected to benefit
The government will soon come out with redrafted rules with regard to exploration and mining in offshore mineral blocks and allot 60 blocks under auction route in first phase, a move that will bring transparency and efficiency in the process, a top official said.
HDFC Realty has been asked to auction a total of 31 land parcels at Rs 2,400 crore, while SBI Cap has been tasked to auction another 30 land properties with an estimated market value of about Rs 4,100 crore.
The government in 2013 appointed four merchant bankers- SBI Cap, Goldman Sachs, Barclays and Axis Capital -for managing the stake sale of HAL.
Electrosteel group incidentally has also been named in the coal scam and the Sebi order follows its probe into complaints that the company did not disclose in IPO documents that its proposal for an iron ore mine in Jharkhand was rejected by the Ministry of Environment and Forest.
The public sector lender says advances (loan book) in quarter ended September 2015 rose by 6.7 percent to Rs 3.8 lakh crore and deposits increased by 14 percent to Rs 5.4 lakh crore compared to corresponding quarter of previous fiscal.
Bothra Metals is making a public offer of 48.84 lakh shares of Rs 10 each at a fixed price of Rs 25 a piece aggregating to Rs 12.21 crore.
In an interview to CNBC-TV18, Nirav Vasa of SBI Cap said that L&T is better placed compared to its peers right now. The cost of debt for L&T is the lowest in the entire industry and this is a positive thing for the company.
HCL Technologies can touch Rs 450, says Sanjay Vaid, Sr Vice President and Co-Head of Equities, SBI Cap.
Book some profits in Hindustan Unilever (HUL), says Sanjay Vaid, Sr Vice President and Co-Head of Equities, SBI Cap.
Hold ONGC, says Sanjay Vaid, Sr Vice President and Co-Head of Equities, SBI Cap.
Cairn India has medium term target of Rs 326, says Sanjay Vaid, SBI Cap.
Tata Motors has support at Rs 138-139, says Sanjay Vaid, SBI Cap.
ACC can test Rs 1080, says Sanjay Vaid, SBI Cap.
NTPC can move to Rs 204-205, says Sanjay Vaid, Sr Vice President and Co-Head of Equities, SBI Cap.
IVRCL can test Rs 50, says Sanjay Vaid, Sr Vice President and Co-Head of Equities, SBI Cap.
Tata Steel can test Rs 650 in long term, says Sanjay Vaid, Sr Vice President and Co-Head of Equities, SBI Cap.
Hold Coal India, says Sanjay Vaid, Sr Vice President and Co-Head of Equities, SBI Cap.
Some pain left in PSU bank, says Sanjay Vaid, Sr Vice President and Co-Head of Equities, SBI Cap.