The Economic Survey for 2012-13 expects the Indian economy to grow between 6.1 and 6.7 per cent in 2013-14, which is higher than the advance estimate of 5.0 percent growth in the current financial year. The survey has
Category: Infrastructure Finance
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IIFCL works towards regular credit enhancement scheme
SK Goel, Chairman of India Infrastructure Finance Company (IIFCL) informed that the firm was working towards launching a regular credit enhancement scheme from April. According to the scheme, the financial institution would provide partial guarantee to bonds issued by infrastructure firms and this would improve the credit rati
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Power Finance Corp cuts renewables interest rates
Power Finance Corporation has reduced its interest rates for renewables projects by 50 basis points, equating to a 0.50 per cent cut. The State lender to electricity utilities claims to have approved Rs 23.13 billion ($430 million) for 611 mw of renewable capacity in the year ending March 2012. According to Bloomberg, the company has lent a total Rs 53.73 billion to wind, solar and hydro projects.
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Report expects easing of home prices in Mumbai
In a research report on real estate sector, Kotak Institutional Equities said it expects property prices in key markets like Mumbai and national capital region to ease because of unaffordable prices, lower demand and liquidity issues. Prices in Mumbai, Gurgaon rose earlier because of delay in the launch of new projects, the report said. Laun new projects, the report said. Laun
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Delhi may become India’s costly commercial realty spot
When it comes to soaring commercial realty prices, Delhi-NCR region may soon beat other destinations in India. At least three reports on the sector point to the national capital gaining compared to many other destinations in the country. According to real estate consultant Cushman & Wakefield, New DelhiÂ’s Connaught Place has emerged as the worldÂ’s fourth most expensive office location, gaining one position over last year.
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Report expects easing of home prices in Mumbai
In a research report on real estate sector, Kotak Institutional Equities said it expects property prices in key markets like Mumbai and national capital region to ease because of unaffordable prices, lower demand and liquidity issues. Prices in Mumbai, Gurgaon rose earlier because of delay in the launch of new projects, the report said. Laun new projects, the report said. Laun
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Assam attracts real estate biz, Guwahati holds property show
Assam is emerging fast as an investment hotspot. Recently, a two-day property fair was organised by Housing Development Finance Corporation (HDFC) with an aim to bring real estate leaders and customers under one roof in Guwahati.
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Realtors look to budget for direction
After the introduction of Negative List regime, ambiguity has arisen regarding exact service tax implications on various charges recovered by developers. Developers and investors are wading in troubled waters due to reduced demand, liquidity crunch and delayed projects, says Sherry Samuel Oommen, founder and senior partner, GyanMagnus Associates.
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Realty sector looks at govt to revitalise buyer interest
The realty sector saw itself on shaky ground last year with rising interest rates, liquidity issues, cost escalation and tepid demand, in addition to governance issues. Therefore, the sector has a long wish list for the Finance Minister to revitalise the industry and rekindle home buyer interest.
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Congress wants auction of 96 mining leases in Goa
Instead of just renewing 96 iron ore mining leases in Goa, the state government must auction them on the lines of the telecom spectrum auction so that it stands to benefit financially, state Congress spokesperson Sudip Tamankar said to reporters. He said the state government could mop up Rs 300 lakh crore over 20 years of the lease period and this could offset the loss of revenue to the state government beca