RBI Maintains Repo Rate at 6.5% – Implications for Homebuyers
In a significant relief for homebuyers, the Reserve Bank of India (RBI) announced on Thursday its unanimous decision to maintain the repo rate at 6.5 percent during its monetary policy meeting. The central bank’s primary focus remains on managing inflation,…
EFC, a Co-working Firm, Explores FPO and Other Avenues to Secure Funding for Expansion
Co-working firm EFC India is considering multiple avenues, including a Follow-on Public Offer (FPO), to secure funding for expanding its capacity to 60,000 seats by the close of this fiscal year. According to a company statement, EFC has recently entered…
Investors from Singapore make significant investments in office properties
As US investors adopt a more cautious approach to the expansive 700 million square feet Indian property market, Singaporean investors and property developers are seizing the opportunity presented by reduced competition and attractive deals. Rough calculations, based on their public…
Investment inflows in Indian realty rise 37%YoY in Q1 2023; Office continues to lead the rally
Institutional investments in real estate remained strong during Q1 2023 at USD1.7 Bn, led by office sector, lending an optimistic outlook for the year. The office sector continued to drive the investment inflows accounting for 55% of the total inflows…
RBI monetary policy: Repo rate unchanged at 6.50 percent
The RBI monetary policy committee (MPC) decided to keep the policy repo rate unchanged at 6.50 per cent and other policy rates were also kept unchanged. The he central bank has also projected faster growth as well as softer inflation…
Colliers expands capital markets & investment business in India
A market leader and trusted real estate advisor, Colliers expands its Capital Markets and Investment Services capabilities in India by adding new business and strengthening its team. The firm has built capabilities with expertise in debt syndications, equity raising, land…
UD tax collection picks up pace as it approaches March 31
Both JMC-Heritage and JMC-Greater are busy collecting urban development (UD) tax as the deadline of March 31 approaches for this fiscal. JMC Greater has collected more than Rs 41 crore in urban development tax this month, said officials on Monday. The revenue…
ABB India to invest Rs 1,000 cr in country
Electrification and automation company ABB India is lining up investments for both organic and inorganic growth in the country. Sanjeev Sharma, managing director and country head, ABB India, said the company will invest Rs 1,000 crore in the country for…
Repo Rate Hike by RBI: Developers Expect Stability
The Reserve Bank of India (RBI) has announced a repo rate hike of 25 basis points taking the total interest rate to 6.5%. The RBI’s decision to raise the rate was driven by concerns about inflation. However, the developers feel…
NGT imposes Rs 113 crore environmental compensation
The National Green Tribunal (NGT) has imposed an environmental compensation of Rs 113.25 crore on the developer of Wave City, a township along NH-9 in Ghaziabad. The developer has been given three months to deposit the fine with the UP Pollution…