CRISIL launches Gold Index

CRISIL launches Gold Index
CRISIL Research, India’s largest independent and integrated research house, announced the launch of the CRISIL Gold Index. The CRISIL Gold index will track the performance of gold prices in the domestic market. The objective of CRISIL Gold index is to provide an independent…
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Financial inclusion mandatory for new banks, says RBI

Financial inclusion mandatory for new banks, says RBI
Indian Industrial houses and companies seeking banking licences will have their work cut out, as the Reserve Bank of India (RBI) has mandated new banks to open a fourth of their branches in unbanked rural centres. While a recent circular issued by the central bank directed e…
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What is Tripartite Agreement Means?

What is Tripartite Agreement Means?
In Indian real estate sector recently used many people,  the word, 'tripartite agreement' What is meant by  tripartite agreement It is an agreement signed by three parties-- The Buyer, The Bank The Builder. The agreement contains all relevant information, such as t…
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India's Steel imports at Rs 26,387 crore in 2010-11

India's imported finished steel products worth Rs 26,387 crore in 2010-11, a 3% rise in comparison to 2009-10, Parliament was informed. The country had imported finished steel worth Rs 25,623 crore in 2009-10, Steel minister Beni Prasad Verma said in a written reply to…
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Widening demand and supply gap hits real estate projects

Widening demand and supply gap hits real estate  projects
According to realty research firm, PropEquity., The widening gap between demand and supply of apartments has put the brakes on the launch of new housing projects around the country-home project launches across top eight cities have dropped 31% since the September-December 2…
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IDFC mulls acquisition of DLF's stake in Noida IT park

Infrastructure Development Finance Company (IDFC) said it was in talks to buy the entire stake of the country's largest real estate player DLF in an IT park in Noida in Uttar Pradesh. IDFC said in a filing to the Bombay Stock Exchange (BSE), "IDFC is in talks with…
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Indian cement companies under Competition Commission lens

Indian cement companies under Competition Commission lens
Probe by Competition Commission of India ( CCI http://www.cci.gov.in/ ) director-general finds most of them guilty of cutting production to raise price, reports Jharna Mazumdar DG-level probe finds these firms guilty of cartelisation over 4 years IN A crackdown on cartelisation…
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Indian Cement Companirs Under CCI Lens

Indian Cement Companirs Under CCI Lens
Probe by CCI director-general finds most of them guilty of cutting production to raise price, reports Jharna Mazumdar DG-level probe finds these firms guilty of cartelisation over 4 years IN A crackdown on cartelisation of cement manufacturers, Competition Commission of Ind…
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DLF in talks with IDFC to sell Noida IT park shares, reduce debt

DLF in talks with IDFC to sell Noida IT park shares, reduce debt
India’s largest real estate company DLF, is in talks with IDFC to sell the entire 70% stake it holds in DLF IT Park, Noida. The move is part of the company’s strategy to reduce debt. DLF is looking to raise around Rs. 950 crore through the sale. If the talks bear fruit, ID…
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World's first semi submerged hotel to be in Qatar

The world’s first semi submerged hotel resort is to be built in Qatar and has been designed by Italian designer Giancarlo Zema which specialises in semi submerged architectural structures, floating habitats and yacht design. The activities of the hotel take place in the und…
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Indian home loan increase to Rs. 2,50,270 Cr

Indian home loan sector, outstanding amount is increased to Rs. 2,50,270 Cr   in Rs. Crore Public Sector Banks (Rs. Cr) March 2010  Rs. 1,73,316 March 2011  Rs. 1,88,268 Private Sector Banks (Rs. Cr) March 2010  Rs. 52,538 March 2011 Rs.  58,083 Foreign Banks (Rs. Cr) March…
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Govt. agencies CMDA, DTCP blamed for realty crisis in Tamil Nadu

Govt. agencies CMDA, DTCP  blamed for realty crisis in Tamil Nadu
One of the leading builders' association has accused two Tamil Nadu government agencies of holding up residential and commercial projects worth Rs 7,500 crore by delaying approvals. Mr. T Chitty Babu, CREDAI (Confederation of Real Estate Developers' Association of In…
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Today's Tips - Tomorrow's Bribe, Do You Agree It?

Today's Tips - Tomorrow's Bribe, Do  You Agree It?
Today's Tips - Tomorrow's Bribe, Do  You Agree It?                     -  KAAVIYA, Chennai As you know, we all suffer a lot due to bribe/ corruption… but, do you know, we only started it! (also introducing new, new forms of it, even today). Yes, what we give as ‘tips’…
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CMDA and DTCP blamed for realty crisis in Tamil Nadu : CREDAI

CMDA and DTCP  blamed for realty crisis in Tamil Nadu : CREDAI
A leading builders' association has accused two Tamil Nadu government agencies of holding up residential and commercial projects worth Rs 7,500 crore by delaying approvals. Mr. T Chitty Babu, CREDAI (Confederation of Real Estate Developers' Association of India ) Ta…
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CARE downgrades DB Realty arm's bank facilities

Indai's leadig rating firm CARE Ratings has downgraded the ratings for Rs 73 crore long term bank facilites of Neelkamal Realtors and Builders, a unit of DB Realty group. CARE has revised the ratings 'CARE BB' to 'CARE D' due to delays in servicing of th…
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Tamil Nadu Housing Board announces Rs 340 crore project

The Tamil Nadu government has announced a Rs 340-crore residential project development through the TNHB (Tamil Nadu Housing Board) in major cities and towns. This was part of the announcements on the Housing and Urban Development plans for 2011-12 in the state Assembly by t…
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Flat buyers benefit from Competition Commission of India verdict

Flat buyers  benefit from Competition Commission of India  verdict
The Competition Commission of India (CCI) has imposed a penalty of around 600 crore on realty major DLF for abusing its dominant market position. Levied by the anti-monopoly watchdog , the penalty was imposed after DLF was found guilty of violating the Competition Act, 2002…
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Indian real estate companies have been adding Rs 14 Cr debt a day

Indian real estate companies  have been adding Rs 14 Cr debt a day
The debt load of 11 listed real estate companies in the country has risen 15%r by Rs 5,000 crore, to Rs 38,500 crore in the last one year. That’s nearly Rs 14 crore of debt added every single day. Most of the increase happened in the latter half of the last fiscal which en…
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Horizon Realty Fund launches Amanora Town Centre

Mumbai-based Horizon Realty Fund has launched the first phase of 11 lakh sq. ft  ATC (Amanora Town Centre), one of Pune’s largest shopping, entertainment and leisure destinations with an investment of Rs 635 crore. The fund, managed by Everstone Capital Advisors, a spinoff…
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Average age of first time buyer in UK rises to 35: Research Shows

The average age of a first time buyer in the UK has increased by 8s since the 1960s, new research shows. According to the research firm Post Office Mortgages the average age when someone buys their first property is now 35 and over half, 53% of would be buyers not on prope…
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What is Serviced Apartment?

What is Serviced Apartment?
A serviced apartment is a type of furnished apartment available for short-term or long-term stays, which provides amenities for daily use. Serviced apartments can be less expensive than equivalent hotel rooms. Since the beginning of the boom in cheap international travel …
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India the cheapest place in the world to build : EC Harris Report

India the cheapest place in the world to build : EC Harris Report
According to the annual International Construction Cost Comparison Report released by asset consultancy EC Harris, construction costs in Switzerland are more than 25% higher than anywhere else in the world. In EC Harris's annual report had construction costs in 55 coun…
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Pune Municipal Corporation's plan: Reduce property tax for women

A proposal to grant 5% concession in general tax of the property tax to women who have properties registered in their names will be implemented from the next financial year in Pune Municipal Corporation. Mr. Vilas Kanade, Tax Department Chief  of P.M.C said, "This pro…
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India's household savings Hit 13 year Low

India's household savings Hit 13 year Low
According to the annual report of the RBI (Rerseve Bank of India), Indians are saving less and borrowing more. The financial savings of an Indian household sector has moderated to 9.7% of GDP in 2010-11 from 12.1% in 2009-10, This was reflected in lower growth in their bank …
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SEBI Clarification: MF transaction charge is not compulsory

SEBI Clarification:  MF transaction charge is not compulsory
The transaction charge on mutual funds (MFs) that the capital market regulator, SEBI (Securities and Exchange Board of India) has allowed the agents to impose on their investors is not compulsory. SEBI has given the option to distributors to either charge or opt out of char…
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Pune Municipal Corporation: Cut property tax for women

A proposal to grant 5% concession in general tax of the property tax to women who have properties registered in their names will be implemented from the next financial year in Pune Municipal Corporation ( P.M.C) Mr. Vilas Kanade, Tax Department Chief  of P.M.C said, "Th…
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Investors Awareness Education on Augest 31

Investors Awareness  Education on Augest 31
Share market Investors Awareness & Education Programme to be held on Wednesday, the 31st August 2011 at 05.00 p.m. at the Registered Office of the  MADRAS STOCK EXCHANGE, Exchange Building, No.30, Second Line Beach, Chennai-600 001. Mr. Suresh Padmanabhan, Columnist, Spe…
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What is Education Loan

Student’s future education plans are supported with the availability of the educational loans that secures one’s life. There are years when students strived hard with the learning activities without any external support with financial issues. Educational loans were much in …
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What is Mortgage Loan?

A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage…
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What is Home Loan?

Purchasing a house can be a valuable form of investment. However, it requires considerable thought and careful financial planning before taking on such a big step. If owning a house is part of your financial goal, then you’ll need to know whether you can afford from your in…
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Punjab realtors say no to corruption

Punjab realtors say no to corruption
Inspired by Mr.Anna Hazare's anti-corruption movement, major  real estate developers of Punjab have announced not to pay bribes to government officials in future for getting their projects approved or for other related issues. Punjab chapter of Confederation of Real Est…
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Price set to rise in real estate sector in TN : Chitty Babu, CREDAI

Price set to rise in real estate sector in TN : Chitty Babu, CREDAI
Despite strong growth potential for real estate in Tamil Nadu, the price per square foot is set to rise in the next two three months as the industry is reeling under a crisis, including high input costs, a top industry official said today. Mr. T Chitty Babu, CREDAI (Confed…
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Punjab Real Estate Developers say no to corruption

Punjab Real Estate Developers say no to corruption
Inspired by Anna Hazare's anti-corruption movement, major real estate developers of Punjab have announced not to pay bribes to government officials in future for getting their projects approved or for other related issues. Punjab chapter of Confederation of Real Estate…
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Northeast Realty Expo 2011 gets under way

Northeast Realty Expo 2011 gets under way
Mr.Tarun Gogoi, Chief Minister of Assam inaugurated the ‘Northeast Realty Expo 2011’ at the Maniram Dewan Trade Centre in Guwahati. The real estate event  organised jointly by the Assam Real Estate & Infrastructure Developers’ Association (AREIDA), and the Hindi daily D…
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Why a housing loan cover?

Why a housing loan cover?
Owning a house is one a very important financial planning decisions that one makes during his/her lifetime. With the easy availability of home loans, it is not difficult for individuals to realise their dream of purchasing their own house. Same time, with the equated monthl…
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More cases against DLF pending with CCI

More cases against DLF pending with CCI
Minimum 10 complaints against India’s largest real estate company DLF Ltd are pending with the Competition Commission of India (CCI ). The new complaint was filed few days ago, before CCI’s Rs. 630-crore penalty on the company last week, which followed a petition from those …
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SEBI to MF distributors : Sell products best suited for investors

SEBI  to MF distributors : Sell products best suited for investors
The Securities and Exchange Board of India (SEBI) asked distributors to follow the principle of 'appropriateness' of products. This envisages selling only those products which are best suited for investors within a defined upper ceiling of risk appetite. If there ar…
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More cases against DLF pending with Competition Commission

More cases against DLF pending with Competition Commission
Minimum ten complaints against India’s largest real estate company DLF are pending with the CCI (Competition Commission of India ). The latest complaint was filed few days ago,  before CCI’s Rs 630-crore fine on the company last week, which followed a petition from those w…
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L&T Construction bags Rs 1,340 crore orders

The Indian engineering major L & T Construction had secured new orders worth Rs 1,340 crore in building and factories segment during the second quarter of this 2011-12  fiscal. According to L & T Construction in a statement,  The company has secured new orders aggr…
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After DLF, Competition Commission targets Delhi builders

After DLF, Competition Commission targets Delhi builders
Recently, The CCI (Competition Commission of India ) dropped a bombshell that shattered the illusion that all was well with listed realty stocks. It fined market leader DLF Rs 630 crore for essentially duping home buyers using its monopoly power. However, it is no one’s ca…
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DLF plans to cut debt by Rs 3,000 cr by 2012 March

DLF plans to cut debt by Rs 3,000 cr by 2012 March
According to India’s largest real estate developer, DLF's group executive director Rajeev Talwar, DLF plans to cut its debt by Rs 2,500-3,000 crore by the end of this 2011-12 financial year. The company aims to reduce debt through the divestment of noncore assets, inclu…
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Credai Pune opens Virtual Realty Fair - e - PROFEST

The CREDAI (Confederation of Real Estate Developers Associations of India) Pune Metro Chapter has opened 'e - PROFEST  2011", Pune's Virtual Realty Fair. The virtual expo promises to showcase over 500 projects from Pune, Pimpri-Chinchwad Municipal Corporation a…
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SBI says no plan to launch teaser loans

SBI says no plan to launch teaser loans
THE country's largest Bank SBI (State Bank of India) said it has no plans to relaunch the dual or fixed-rate home loan products, popularly called teaser loans, as was done by its private sector rival ICICI Bank last week. Mr. Pratip Chaudhuri SBI chairman said  “Right n…
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Gautam Adani has added *Rs1600 crores a day in last 1 year*.  Yes everyday. Look at valuations.  NO Mutual Funds except QUANT is holding any...