Building & Construction Industry: 77% Companies plan to increase their production capacity

According to a survey of the building and construction sector carried out by IndiaMART Knowledge Services, a majority of SMEs (Small and Medium Enterprises) in the building and construction sector are upbeat about the future and are looking to expand their business. A thriv…

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Shriram plans to open 50 automalls

Shriram Transport Finance Company's  subsidiary firm Shriram Automall plans to open 50 automalls by 2013. It with an investment of around Rs 100 crore. Mr. U.G. Revankar, Deputy Managing Director, Shriram Transport Finance , "Automall is a unique platform for the sec…

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M3M India unveils flats in Gurgaon

Real estate company  M3M India, launched its new project M3M Merlin – Singapore styled residential project in the heart of Gurgaon. The M3M Merlin offers competitively priced living to people looking for style and a classy lifestyle while staying close to their work place.…

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Today's Investing Mantra -John Templeton

Humility about how little I know has encouraged me to listen more carefully and more wisely." - John Templeton

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Project in Bangalore: Godrej Properties agreement with Universal Builders

The real estate development arm of the Godrej Group, Godrej Properties, has announced a tie-up with Universal Builders, wherein Godrej Properties will act as the development manager, for developing  about 4o lakh sq. ft of premium residential villas with modern specificatio…

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Housing Loan Prepayment Fine Got to Go: Reserve Bank

National Housing Bank last week waived pre-payment penalty on home loans that are on floating interest rates, pre-closed through any source. For home loans that are on fixed interest rates, home finance firms cannot charge pre-payment penalty if loan is preclosed out of one…

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Today's Technical Term – Closing Agency

The process by which a lender uses a title company or other company as an agent to complete a (Housing) loan.

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Oberoi Realty Plans Price Hike by Rs 500-1,000 per sq ft

Oberoi Realty is planning to increase price of its residential projects by Rs 500-1,000 per sq.ft in Mumbai to boost its margins. According to Mr. Vikas Oberoi, Chairman, Oberoi Realty , said, “We have already increased price of Oberoi Splendor Grande project by Rs 1,000 per…

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Indian Real Estate shares – Intraday Tips For 28 October 2011

Recommendations for 28 October 2011 Scrip Trigger Price Stop Loss Target 1 Target 2 DLF BUY ABOVE 232.05 230.00 234.60 238.15 SELL BELOW 227.45 229.50 224.95 221.60 Scrip Trigger Price Stop Loss Target 1 Target 2 UNITECH

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Cabinet Approved Interest Subvention on Housing Loans up to Rs.15 Lakh

The cabinet recently approved 1% interest subvention on housing loans up to Rs.15 lakh, with the cost of the house not exceeding  Rs 25 lakh. Both caps were increased by  Rs 5 lakh each, which will bring more individual buyers under the subsidy limit.

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