Slowdown-hit real estate bets big on Budget

Published: July 1, 2009

Having been hit the hardest by the economic downturn, embattled realty majors are betting big on the forthcoming Budget, to be presented on July 6, in a bid to revive the sector’s fortunes. Experts say the sector needs government support as well as further stimulus to get out of the current slump.
While the government with [...]

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ASK Investment Launches 500 cr Real Estate Fund

Published: March 12, 2009

At a time when property prices have been moving southwards and experts are predicting a tough period ahead, private equity firm ASK Investment Holdings has launched its Rs 500-crore real estate fund. ASK’s management thinks that the real estate advisory business will complement its existing wealth management business, apart from growth opportunities existing in the [...]

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Real estate credit might get easier

Published: November 11, 2008

The Government is considering a two-pronged strategy to pull the real estate sector from its current morass and credit crunch. The strategy essentially revolves around reducing the risk element for banks in lending to the sector, where many foresee a slump. According to an official in the Prime Minister’s committee of officers set up to [...]

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