NCR clocks 8% fall in office leasing in 2016 on low supply: Report
NEW DELHI (INDIA): Office space absorption in Delhi-NCR declined by over 8 per cent last year due to sharp fall in supply but the situation is expected to improve in… Read more »
Daily Archives: January 26, 2017
Foreign investors pull out over Rs 5,100 crore so far in January
NEW DELHI: (INDIA): Foreign investors have pulled out over Rs 5,100 crore from the Indian capital market so far this month over concerns regarding “lower prospects” of economic growth as… Read more »
Double Income tax exemption limit to Rs 5 lakh
NEW DELHI (INDIA): The government of India should double the basic I-T exemption limit to Rs 5 lakh per year and continue with incentives and deductions to corporate houses for… Read more »
Indiabulls Housing cuts home loan rates for existing customers by 15bps
MUMBAI (INDIA): Mortgage player Indiabulls Housing Finance has reduced its interest rates for existing borrowers on floating rates by 15 basis points, matching its offering with with that of the… Read more »
Steel companies seek removal of import duty, cess on coking coal
KOLKATA (INDIA): Steel makers like Tata Steel and Visa Steel have sought removal of import duty and clean energy cess on coking coal and giving thrust to domestic infrastructure forecasting… Read more »
Home sales may decline 20-30% this year: Fitch
NEW DELHI (INDIA): Residential property sales in India are expected to witness at least 20-30 per cent dip in 2017 due to demonetisation impact, Fitch Ratings said. In its report… Read more »
GIC Housing Finance Q3 net up 13% to Rs 34 crore
NEW DELHI (INDIA): GIC Housing Finance reported a 12.6 per cent increase in its net profit at Rs 34.43 crore for the third quarter ended December. Company’s net profit stood… Read more »
China outbound property investment seen dropping as capital curbs bite
By: Clare Jim HONG KONG: China’s recent clampdown on capital outflows is expected to bite into outbound overseas property investment this year, real estate advisory firms said on Tuesday. DTZ/Cushman… Read more »
PNB Housing Finance Q3 net up 53% at Rs 138 crore; to raise Rs 6,000 crore
NEW DELHI (INDIA): PNB Housing Finance posted a rise of 53 per cent in net profit at Rs 137.8 crore for the third quarter ended December. The company had reported… Read more »
India okays 3% interest subsidy on homes loans up to Rs 2 lakh
NEW DELHI (INDIA): In a bid to ease EMI burden by ensuring cheap home loans in rural areas, the government of India approved 3 per cent interest subsidy on loans of… Read more »