WeWork suspends IPO following pushback: Sources
WeWork owner The We Company took a last-minute decision on Monday to suspend preparations for an initial public offering (IPO), concerned that its stock market debut would be snubbed by… Read more »
Monthly Archives: September 2019
SBI to move RBI to offer fixed-floating rate home-loans
LEH: The largest lender State Bank of India (SBI) will be seeking clarifications from the Reserve Bank whether it can offer long-term home loans with fixed rates in the beginning… Read more »
India committed to give land titles to legitimate forest dwellers
GREATER NOIDA: The government of India is committed to give land titles to all legitimate forest dwellers as they are a part of the forest development strategy, Union environment minister… Read more »
DLF sells nine-acre land to American Express for Rs 300 crore
NEW DELHI: Realty major DLF has sold a 9 acre land parcel in New Gurugram to American Express for about Rs 300 crore in one of the costliest land deals… Read more »
SBI chief slams ‘selfish’ private sector bank for Altico crisis
NEW DELHI: State Bank of India (SBI) chairman Rajnish Kumar has slammed a “selfish” private sector lender for the crisis at Altico Capital, as its unilateral move to secure its… Read more »
Maradu flat owners begin hunger strike after Supreme Court orders demolition
KOCHI: While the time is running out for the flat owners in the posh Maradu apartment complex, to be demolished by Friday as per the Supreme Court order, the builders… Read more »
Sachin Bansal, Reliance MF, other investors of Altico face defaults on Rs 95 crore debt
MUMBAI: Nonbank lender Altico Capital’s bond investors, including Flipkart cofounder Sachin Bansal and Reliance Mutual Fund, face immediate defaults on two series of outstanding debt coming up for repayment in… Read more »
Prestige Estates enters NCR property market; to invest Rs 500 crore in housing
NEW DELHI: Leading realty firm Prestige Estates Projects Ltd is foraying into the Delhi-NCR market and has tied up with local developer Ace Group to launch its first housing project… Read more »
Real estate developers welcome measures announced by Nirmala Sitharaman
By Deepshikha Singh NEW DELHI: The real estate sector has welcomed the new measures announced by Finance Minister Nirmala Sitharaman to revive the economy especially announcement of Rs 20,000-crore fund to… Read more »
Stress fund can help resolve last mile funding crisis in delayed and stalled projects:NAREDCO
NEW DELHI: To help home buyers stuck with under construction homes in projects that have remained unfinished, the government of India has announced a special window to provide last mile… Read more »