Brexit Vote Seen Shaking London Property Market

Some professionals are noting signs of a slowdown in London’s property market. London: The Brexit vote could cool London’s super-heated property market, with some professionals already noting signs of a slowdown, though Gulf investors have signalled their interest is so far undimmed. After a slump in 2008 during the global…

Housing Sales Up 7% In Eight Indian Cities: Property Consultant

New Delhi: Showing signs of revival, housing sales rose by 7 per cent in the country’s eight major cities at 1.35 lakh units during January-June period of this year, leading to a decline in unsold inventories, according to real estate consultant Knight Frank India. In the Delhi-NCR property market, however,…

Jaypee Hikes Value Of Asset Sale To UltraTech To Rs 16,189 Crore

New Delhi: Faced with lenders invoking the strategic debt restructuring (SDR) option, debt-ridden Jaypee Group on Monday hiked the sale value of 21.2 million tonne per annum (MTPA) cement assets to Aditya Birla Group firm UltraTech to Rs 16,189 crore. The decision was taken on Monday at the board of directors meeting, convened at a short…

NBCC Secures Rs 587-Crore Projects In June

New Delhi: State-owned construction firm NBCC on Tuesday said it has bagged projects worth Rs 587.47 crore in June. In a filing to the BSE, NBCC Ltd informed that it has “secured a business of Rs 587.47 crore in the month of June, 2016”. In May, the company had secured business worth Rs 1,900.79 crore in…

Fair Trade Regulator Rejects Complaint Against DLF

New Delhi: The Competition Commission of India has dismissed allegations that DLF indulged in unfair business ways with regard to sale of a residential plot in Uttar Pradesh after finding that the realty major was not a dominant player in the relevant market. The matter pertained to allotment of a residential plot at the Garden…

House Price Inflation To Edge Down Further: Nomura

New Delhi: Affordability concerns are likely to dominate the Indian housing sector while prices may face downward pressure despite lower interest rates and aggressive retail lending push by banks, says a Nomura report. According to the Japanese financial services major, elevated housing prices amid a sluggish job market have likely…