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?

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

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

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

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

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

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

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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