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ASIA CREDIT CLOSE: Deep illiquidity in Asian credit as players leave early

SINGAPORE, Dec 21 (IFR) – The Asian credit market was deeply illiquid throughout the day, with many traders and investors deciding to take their Christmas early, and a half day holiday in Hong Kong adding to the impetus to get away. According to a Singapore-based debt trader, no high-yield traded today and what was on [...]

December 22, 2012No CommentRead More

Hong Kong shares snap 4-week winning streak, underperform China

The China Enterprises Index of the top Chinese listings in Hong Kong shed 1.1 percent on Friday and 0.7 percent this week. This was the first weekly loss in five weeks for both Hong Kong indexes. Hong Kong turnover stayed under its 20-session moving average for only the third time since Dec. 4, which along [...]

December 22, 2012No CommentRead More

Earnings, RoE of realty firms to pick in 2013, says CRISIL

After years of pressure, earnings and return on equity of real estate companies are likely to pick in 2013, a report by CRISIL Research said. CRISIL expects lower inflation, coupled with rate cuts, to help real estate companies. “CRISIL Research expects the Reserve Bank of India to cut the repo rate at least 50 basis [...]

December 22, 2012No CommentRead More

Govt raises FDI limit in asset reconstruction companies

MUMBAI (Reuters) – India has raised the ceiling for foreign direct investment (FDI) in asset reconstruction companies (ARCs) to 74 percent from 49 percent, according to a government statement late on Friday.The increase in the ceiling is subject to the condition that no sponsor can hold more than 50 percent of shareholding in an ARC [...]

December 22, 2012No CommentRead More

India raises FDI limit in ARCs to 74 pct from 49 pct

MUMBAI, Dec 21 (Reuters) – India has raised the ceiling for foreign direct investment (FDI)in asset reconstruction companies (ARCs) to 74 percent from 49 percent, according to a government statement late on Friday.The increase in the ceiling is subject to the condition that no sponsor can hold more than 50 percent of shareholding in an [...]

December 22, 2012No CommentRead More

India No. 3 in world in realty price rise

Even as first-time buyers are exhausting their savings to buy a home, realty rates in India are going through the roof. Property prices increased by 12%, propelling India to third position among 53 countries where prices have appreciated in the past year. The global house price index survey by property consultants Knight Frank shows that [...]

June 6, 2012No CommentRead More

New property tax system to be implemented in Mumbai

The new capital value property tax system has got the go-ahead from the standing committee. Earlier, the rental or rateable value system of computing property tax was used. In the new property tax system, the value will be based on the actual property value and not the rental value. In the earlier system, residents [...]

May 29, 2012No CommentRead More

Redevelopment projects push the growth in Delhi’s property market

Delhi property market has witnessed stable to appreciating trends in the past few months. The city has seen an overall rise in residential values. According to Balbir Singh, Chairman of Vardhman Plaza, “Post Commonwealth Games, realty sector has increased at a constant pace. All the redevelopment plans in Delhi such as construction of flyovers, bypass [...]

May 29, 2012No CommentRead More

DDA sells 87 CWG apartments for almost Rs 400 crore; highest bid for flat at Rs 7.27 crore

NEW DELHI: Nearly Rs 400 crore worth of residential apartments by the Yamuna in Delhi’s Commonwealth Games Village were lapped up in an auction on Monday, but the owner – Delhi Development Authority – managed to sell only 87 of the 110 flats which went under the hammer. The authority said it received a total [...]

May 22, 20121 CommentRead More

Ansal Properties & Infrastructure plans to expand townships in Lucknow, Greater Noida

Real estate developer Ansal Properties & Infrastructure today said it plans to expand its two big townships in Lucknow and Greater Noida by a total of about 4,000 acres, for which it has sought permission from the Uttar Pradesh government. The company is currently developing a 3,500-acre township Sushant Golf City at Lucknow, while the [...]

May 16, 2012No CommentRead More