Lenders from the Dewan Housing Finance Corporation (DHFL) voted overwhelmingly in favor of the resolution plan presented by the Piramal group on Friday, paving the way for a radical turnaround for the bankrupt company. While Piramal’s offer received 94 percent of the votes, the US-based Oaktree Capital plan garnered just …
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Days after the urban development department requested an impact report from the Pune Municipal Corporation (PMC) regarding the inclusion of 23 areas, originally towns surrounding Pune, in the Pune city limits, the state government finally gave its go-ahead to the merger. Once these areas, which are newly emerged hot spots …
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The upcoming Jewar Airport opens a way for multinationals and other corporations to mark their presence around it, as international travel will be easy. Infrastructure development is directly related to the growth of real estate in an area. In addition, there are levels of infrastructure development that affect the sector …
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Builders say the reduction in Mumbai is too small and that the increase in MMR and the rest of the state is bad for business. On Friday, the state government sent mixed signals to the real estate reducing the rates ready to calculate in Mumbai, but at the same time …
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Banks can restructure loans of more than 10 trillion rupees largely attributed to 5-6 critical sectors, including aviation, commercial real estate and hospitality, which have been badly affected by the Covid-19 outbreak, according to the bankers. Finance Minister Nirmala Sitharaman last week asked banks and NBFC to implement a one-time …
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The country’s top developers are seeing green shoots amid the slower sales environment caused by Covid-19-related issues. For many developers, conversion rates, from inquiries to sales, have risen by as much as 20-25 percent from single digits in the days leading up to covid as working from home has become …
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[ad_1] After announcing measures to MSMEs, Finance Minister Nirmala Sitharaman on Wednesday he turned his attention to EPFs, TDS and taxation-relationship issues. The Finance Minister also sought to clarify the environment around the Prime Minister’s call for self-sufficiency, saying that does not mean that India will look only inward and …
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