March 18, 2018
MUMBAI: The country’s largest lender State Bank of India and the No.1 property site Magicbricks on Friday announced the launch of the Big Bang Home Carnival, a month-long online housing carnival. The housing festival will showcase nearly 16,000 units, across 22 Indian cities and will culminate on March 9. 62 developers have come on board…
March 18, 2018
HYDERABAD: In a positive development for Hyderabad real estate, which has been facing sluggishness for the past several years, the residential launches in the city have increased by 30% year-on-year since the past three years mainly driven by improving infrastructure in the city. According to property consultant JLL, capital values of residential properties increased by…
March 18, 2018
NEW DELHI: Indian banking sector is likely to report weak earnings growth in the December quarter owing to elevated loan-loss provisions, while NBFCs are expected to post strong results, says a report. According to a report by Kotak Institutional Equities, the negative impact from treasury and bad loan provisions are expected to lead to weak…
March 18, 2018
Japanese conglomerate Sumitomo Corporation has tied up with Indian auto components major Krishna Group to develop real-estate projects across India. The joint venture’ Krisumi Corporation — first project will be an 18 million sq ft development in Gurugram with cost in excess of $2 billion. Both the partners will hold 50:50 stake in the venture,…