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Govt Eyes Rs 9,000 Crore From Sale Of Land, Realty Assets Of Air India

Tuesday, December 4, 2018, 3:38 PM

The government is looking to raise around Rs.9,000 crore from the sale of debt-laden Air India's land and real estate properties. The sale aims to trim the Rs.55,000-crore debt of the national carrier and fetch a better valuation when there is a strategic sale again. Last week, government approved transfer of debt worth Rs.29,000 crore to a special purpose vehicle.
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NBFC fund crunch begins to hit real estate sector

Friday, November 9, 2018, 8:05 PM

Home buyers and real estate developers are facing a fund crisis, despite RBIs recent measures to increase bank credit to non-banking finance companies (NBFCs) and housing finance companies (HFCs). The problem is so acute that in several cases, sanctioned home loans are not being disbursed and funds committed earlier under construction-linked home loan schemes are not being released by several players.
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Stock market swings may have hit mortgage applications, down 2.5%

Wednesday, October 31, 2018, 5:58 PM

Mortgage lenders were less busy last week, even as interest rates held steady. Unlike rates, the stock market saw wide swings, mostly lower, and that may have spooked homebuyers. Total mortgage application volume fell 2.5% last week compared with the previous week, according to the Mortgage Bankers Associations seasonally adjusted index. Volume was 16% lower than a year ago.

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