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Milan Real Estate Prices Surge
Jul 2019 , by in INTERNATIONAL

Real estate investors from Azerbaijan’s sovereign wealth fund to Blackstone Group Inc. and UBS Group AG are cashing in on a surge in demand for prime Milan offices that’s pushing prices to new highs. A lack of development in Italy’s financial capital is driving up rents just as a scarcity o... Read more...

Investors swoop on British build-to-rent sector
Jul 2019 , by in INTERNATIONAL

PROPERTY firms are turning to Britain's budding build-to-rent sector, which caters to students and city dwellers seeking affordable accommodation, as traditional home building and selling falters on weak consumer confidence. US real estate firm CBRE Group Inc said it had agreed to buy British pro... Read more...

Construction workers lose jobs with shortage of sand
Jul 2019 , by in ALLIED

Scarcity of sand has affected the livelihood of thousands of daily labourers and construction workers in the city and across the state. In Guntur on Thursday, hundreds of labourers got together to protest against scarcity of sand. The protest was staged at Naz centre. Sand scarcity has been a ... Read more...

RBI to regulate HFCs instead of National Housing Bank
Jul 2019 , by in ALLIED

Presenting her first Union Budget, Finance Minister NirmalaSitharaman proposed to transfer the regulatory authority over housing finance sector to the Reserve Bank of India (RBI) from the National Housing Bank (NHB). Sitharaman told the LokSabha that the housing sector needs efficient and conduci... Read more...

Bank of Baroda cuts MCLR by up to 10 bps
Jul 2019 , by in ALLIED

State-owned Bank of Baroda has cut MCLR on various tenors by up to 10 basis points (bps), effective Sunday. The public sector bank has revised the marginal cost of funds-based lending rate (MCLR) with effect from July 7, 2019, it said in a regulatory filing. The benchmark one-year MCLR has been c... Read more...

Union Budget 2019: What has real estate gained?
Jul 2019 , by in News/Views

Finance minister Nirmala Sitharaman presented the Union Budget 2019-20 on July 5. According to Sitharaman, “Our economy was at approximately US$ 1.85 trillion when we formed the Government in 2014. Within 5 years it has reached US$ 2.7 trillion. The Indian economy will grow to become a 3 trillion ... Read more...

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