Funds crunch, occupancy certificate hit housing market

Funds crunch, occupancy certificate hit housing market

Outstanding credit to real estate developers given by Non-Banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs) has increased four times from Rs 640 billion in 2011-12 to about Rs 2,600 billion till 2017-18. At a time when NBFCs/HFCs were a major...
Housing prices to rise at half the rate of inflation in 2019

Housing prices to rise at half the rate of inflation in 2019

India house prices will rise at half the rate of consumer price inflation next year, hit by dwindling credit supply, according to a Reuters poll of housing market experts who said Delhi will be hit hardest. House prices have risen at almost double-digit rates for over...
Brahma Group to invest Rs 1.7k crores in Gurugram

Brahma Group to invest Rs 1.7k crores in Gurugram

The New York-based asset management company Brahma Group is to invest Rs 1,700 crore in commercial project, including office-cum-retail project in Gurugram. The company is developing over 200 acre township project at Panchkula in partnership with real estate major...
Delhi’s Connaught Place world’s 9th most expensive

Delhi’s Connaught Place world’s 9th most expensive

A survey has shown that New Delhi’s Connaught Place is the world’s ninth most expensive office market. Mumbai’s Bandra-Kurla Complex (BKC) stands at the 26th position while the city’s central business district of Nariman Point stands at the 37th position. The annual...