Real Estate Companies finding it Difficult to Handle IFRS

With the ministry of corporate affairs reiterating its commitment to converge Indian accounting norms with the international financial reporting standards (IFRS), the real estate companies are finding it tough to handle the effects of the.....
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Real Estate Major Unitech Withdraws Proposal to Raise Rs 3200cr via FCCBs

Unitech, India’s second largest real estate company, has withdrawn its proposal to raise $700 million (Rs 3,200 crore) through foreign currency convertible bonds (FCCBs). The Indian realty segment was hit bad by the recent financial slowdown as demand....
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India among Top Five Emerging Market that Lures Foreign Real Estate Investment

Foreign investors in real estate continue to repose their faith in US markets as they believe the country provides the best opportunity for capital appreciation, while India is among the top five emerging market in this space, a survey says. According to a survey conducted among the members of the....
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IBA Denies Communication with RBI on Home Loan Rates

Amidst media reports of guidelines for home loans that attempt to clamp down on teaser rates, the Indian Bank Association (IBA) has said that it has received no communication from the Reserve Bank of India (RBI), reports CNBC-TV18’s Gopika....
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Kolkata Sees Rise in Commercial Real Estate Segment

After a lull last year, demand for commercial property is steadily rising. Realtors and developers feel market conditions should return to normal, although no one knows how long it will take. “It is definitely en route to revival. There may not be many transactions, but enquiry levels have increased around 30 per cent....
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Finance Ministry Rejects Proposal to drop FDI Realty lock-in

The finance ministry has rejected a proposal by the Department of Industrial Policy and Promotion (DIPP) that had suggested dropping the mandatory three-year lock-in for foreign direct investment in the real estate sector, affecting the prospects of the sector raising funds from overseas. The finance ministry has rejected the proposal from DIPP seeking....
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