Amid a declining property market in China, regional banks are offloading non-performing real estate loans despite government pressure to support the housing sector. As of June 2024, non-performing industrial loans at local banks surged, prompting significant asset sales to manage bad debts.
The government's capex has seen a threefold increase over the past five years, but this growth may be reaching its peak.
As the government steps back, the private corporate sector is set to take the lead. With strong corporate balance sheets and direct government incentives, companies are ra
New Delhi [India], September 7: Bajaj Housing Finance Limited (BHFL), a significant player in India's housing finance sector, is gearing up for its Initial Public Offering (IPO). This strategic move aims to enhance its capital base and support expansion plans. The IPO will be managed in part
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies for non-compliance with directions of RBI on housing finance companies.
Pune (Maharashtra) [India], September 6: Pune's real estate market has been booming, fueled by rising demand for luxury housing and rapid urbanization. As the city grows, innovative developers are reshaping its skyline and raising living standards. SK Fortune Group, one of Pune's top real es
A devastating fire broke out at a firecracker storage warehouse in Kallurupalli Housing Board, Nellore district, on Wednesday, claiming the life of watchman Subbiah.
Housing, Minorities Welfare and Waqf Minister Zameer Ahmad Khan has given a one-month deadline for the creation of khatha for Waqf properties in the Hubli-Dharwad region.
The Ministry has issued a letter to all State Governments, urging them to include migrant workers, construction workers, beedi workers, cine workers, non-coal mine workers, contract labourers, and other unorganised workers in the housing scheme.
Himachal Pradesh Chief Minister Sukhvinder Sukhu on Monday said that the Himachal Pradesh Housing and Urban Development Authority (HIMUDA) will construct a multipurpose building in Vikasnagar, Shimla.
Karnataka Deputy Chief Minister D K Shivakumar on Monday announced the launch of the revolutionary online building plan approval process for the construction of buildings in sites up to 4000 square feet in BBMP limits.
Mumbai (Maharashtra) [India], August 31: "Mumbai is at the forefront of India's economic journey, and it is essential that we work together to ensure its growth is sustainable and inclusive. Our government is committed to supporting all stakeholders in their efforts to develop and implement
The campaign, a nationwide cleanliness initiative, is set to take place over a fortnight, beginning on September 17, 2024, with several preparatory events and a curtain-raiser starting on September 14. The campaign will culminate on October 2.