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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Unitech, India’s second largest real estate company, has withdrawn its proposal to raise $700 million (Rs 3,200 crore) through foreign currency convertible bonds (FCCBs).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 deman…

[ More ] January 20th, 2010 | No Comments | Posted in Real Estate |

Major Banks Reject RBIs Proposal of Uniform Home Loan Rates

Driven by angry mortgage borrowers, RBI has once again nudged top banks to charge lower home loan rates to old customers instead of just using the lower interest rates to pull new borrowers. But lenders continued to resist the proposal, citing cost mis…

[ More ] January 16th, 2010 | No Comments | Posted in Real Estate |
 

Boost for property market

HOUSE prices ended 2009 1.1% higher than they started it after the cost of …

[ More ] January 7th, 2010 | No Comments | Posted in Regional, UK |