Government banning Rs.500 and Rs.1000 notes and its impact on the Real Estate sector

Government’s announcement to withdraw ₹500 and ₹1000 notes from the market, aimed at curbing black money transactions will affect the Real Estate and Gold markets the most. Curbing the parallel economy has long been a sour spot for the government and the RBI. In real estate market especially, where the transaction values could range in crores, the cash component is […]

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Realty Firms Hope for Housing Sales Revival Post-Rate Cut

New Delhi: Interest on home loans is expected to come down helping a revival of housing sales following the Reserve Bank of India’s lowering of policy rate by 0.25 per cent today, say realty experts. The RBI has reduced the short-term lending rate by 0.25 per cent to 6.5 per cent. The total reduction is now 1.5 per cent since […]

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Sobha raises Rs 15 crore via NCDs; mops up Rs 80 crore this month

Realty firm Sobha today raised Rs 15 crore through private placement of non-convertible debentures to replace costlier debt. The Bengaluru-based developer has raised Rs 80 crore this month through this route. In a filing to the BSE, Sobha Ltd said it allotted secured redeemable non-convertible debentures aggregating to Rs 15 crore on private placement basis. The amount has been raised […]

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