Normally, construction costs are 20% of sales. So if Rs 25,000 crore is the number which is going to complete these projects, you are going
Category: IBC-SEBI
Resolution of bad assets: RBI set to recast inter-creditor agreement | Business Standard News
The inter-creditor agreement (ICA) is in for a makeover with the Reserve Bank of India (RBI) weighing options to clear the logjam in the resolution of bad assets due
Rs 25,000-crore realty corpus: Experts worry over implementation | Business Standard News
The alternative investment fund (AIF), approved by the Union Cabinet on Wednesday to cheer beleaguered real estate developers, may aggravate their pricing power in a
Govt asks homebuyers to approach lenders for revival of their loans | Business Standard News
The finance ministry on Thursday issued clarification on alternative investment fund (AIF), advising affected homebuyers to approach lenders for additional borrowing or revival of their
आवश्यक दिलासा – | महाराष्ट्र टाइम्स
आवश्यक दिलासा अनेक वर्षांपासून रखडलेले गृहनिर्माण प्रकल्प पूर्ण करण्यासाठी केंद्र सरकारने बुधवारी २५ हजार कोटींच्या विशेष आर्थिक सहकार्य योजनेला मंजुरी देण्याची घोषणा करून मृतवत गृहनिर्माण
The real estate bailout: How many will it save?–Deccan Chronicle
Finance minister Nirmala Sitaraman expects over 1,600 stalled projects having 4.58 lakh housing units could avail of this funding. The Union Cabinet’s decision to pool
Real estate projects involved in fraud won’t get anything from Rs 25,000 crore fund–Business Today
Government has clarified that housing projects involved in fraud or diversion of funds may not be considered for the real estate distress fund. This is
Qualify with 60% marks for becoming independent director – The Economic Times
The practice of conducting tests will curb promoters placing their own ineligible candidates and family members on the listed companies boards. Removing years of slack
Jaypee Group: Complete corporate insolvency resolution process of Jaypee Infra Ltd within 90 days: Supreme Court – The Economic Times
In a jolt to the Jaypee Group, the Supreme Court on Wednesday directed completion of the corporate insolvency resolution process for Jaypee Infratech LtdNSE 4.00 % (JIL) within 90 days and said
After DHFL crisis, centre to issue new rules to bring NBFCs under IBC | Business Standard News
The fear that at Dewan Housing Finance Corporation (DHFL) may spill over to other non-banking finance companies (NBFC) has pushed the government to introduce fresh rules and regulations
Confidence in financial sector at stake | Business Standard Column
The crisis of confidence in the Indian financial sector seems to be quite serious. The Infrastructure Leasing and Financial Services, Dewan Housing Finance, and more
One-time restructuring should be allowed for some loans: HDFC chairman | Business Standard News
Housing Development Finance Corporation’s (HDFC) Chairman, Deepak Parekh, has urged regulators to allow one-time restructuring of certain real estate projects — particularly for stuck projects
Lack of ICA to hit PMC Bank’s HDIL exposure | Business Standard News
PMC Bank’s woes might worsen as urban co-operative banks have not been made part of inter-creditor agreements (ICA). This raises a big question mark on
Only 15% of the cases resolved under bankruptcy laws: Report – The Economic Times
During the second quarter of FY’20, 27 cases yielded a resolution plan, with expected realisation of Rs. 27,065 crores to the financial creditors. Ratings firm IcraNSE
Real Estate sector | Nirmala Sitharaman: Now, FM hints at booster dose for realty sector–Economic Times
“The government is very keen and is working very clearly together with the RBI to see how best we can, where necessary, tweak the existing
Dewan Housing Finance Corporation: DHFL seeks intervention from SBI, Union Bank to repay depositors – The Economic Times
Dewan Housing Finance CorporationNSE 4.95 % (DHFL) has urged its two top lenders to help lift a moratorium on repayments so that the stressed mortgage lender
Bankers expect resolution to DHFL issue by December-end – The Economic Times
Bankers expect the resolution of debt-ridden mortgage lender DHFLNSE 4.95 % to be finalised by the end of next month, according to a banker who is part
Govt working with RBI, reworking laws to help distressed home buyers: FM | Business Standard News
Union Finance Minister Nirmala Sitharaman on Tuesday said that the real estate sector needs the government’s attention and the Centre is working with the Reserve Bank of India (RBI) towards
DHFL: Bankers may reject DHFL revival plan over SFIO probe–Economic Times
Bankers working on debt resolution at Dewan Housing Finance Corp (DHFLNSE 4.92 %) are likely to reject a revival plan offered earlier by the company after
DHFL crisis: For a law to resolve financial firms–Economic Times
The reported stalling of attempted restructuring of Dewan Housing Finance Corporation (DHFL) following a probe ordered by the Serious Fraud Investigation Office into alleged improper
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