An estimated Rs. 7,700 crore worth of commercial and residential properties have turned into non-performing assets according to data from NPAsource.com. The data shows around 2,200 commercial units and 11,000 residential units valued at Rs. 7,700 crore are up for sale. Maharashtra, mainly Mumbai, has the highest value of commercial and residential NPA properties for sale, totaling Rs. 842 crore and Rs. 838 crore respectively. Delhi is next with Rs. 686 crore in commercial NPAs and Rs. 500 crore in residential NPAs. The slowdown in the real estate market has exacerbated banks' difficulties recovering funds from distressed property loans.
This document provides a weekly summary of news related to Balmer Lawrie and other topics such as the Indian economy, government policies, and business sectors. The summary includes news about Prime Minister Modi's comments on expanding India's economy fivefold by 2040 through affordable energy. It also discusses updates on digital payments increasing after demonetization, the RBI cutting growth estimates, and plans for cashless salary payments in industries.
Charade & Shadows of India's Currency Remonetization 2016Shantanu Basu
Briefly analyzes India's currency remonetization and concludes that there murky details in the background that do not synch with the stated official objectives.
The document provides summaries of several recent news articles related to the Indian economy and key industries:
1) The ADB has reduced its forecast for India's GDP growth in FY2017 to 7% from 7.4% due to the impact of demonetization on cash-based sectors.
2) Finance Minister Jaitley hinted that future tax rates could be lower as demonetization leads to greater digitization of transactions and more revenues.
3) Commerce Minister Sitharaman expressed optimism about positive export growth in 2017 after three months of increases in shipments.
INDIA LEGAL: Stories that count Edition: 30 January 2017ENC
India Legal, ENC’s flagship product is a credible news magazine with a pan-India presence. Packed with in-depth reports, analyses, breaking stories, thought-inspiring features, views and insights on politico-legal issues. For More visit us at: http://www.indialegallive.com/
The document discusses trends in the Indian real estate sector. It notes that the urban population in India is expected to increase to 600 million by 2031 which will drive demand for residential real estate. Foreign direct investment in the sector has grown substantially over the past decade and is expected to reach $25 billion annually by 2022. The Indian construction market is projected to more than double to $649.5 billion by 2020 due to rapid urbanization and economic growth.
The document provides a weekly summary of news articles from June 18-25, 2012 related to Indian public sector enterprises and businesses. Some key points covered include:
- The government plans to consult SEBI on investing surplus funds from profitable public sector companies to stimulate the economy.
- The government aims to raise Rs. 20,000 crore through stake sales in 15 public sector companies including BHEL, SAIL and Oil India.
- Fitch downgraded the credit outlook of several public sector companies like NTPC, SAIL and IOC following a downgrade of India's overall credit outlook.
- Concor plans to set up nine logistics parks in Odisha with investments between Rs. 50-
The document provides background information on India's 2016 demonetization of 500 and 1000 rupee banknotes. It discusses the economic and political context for the move, details of the announcement including exchange procedures, allegations of prior information leaks, and impacts on the population.
The document discusses the Indian real estate sector. It notes that the sector is expected to more than double in size to $649.5 billion by 2020 from $360 billion in 2010. Rapid urbanization and rising incomes are driving demand for residential, commercial, and retail real estate. The government is also supporting the sector through policies around affordable housing and allowing 100% FDI. The real estate sector is fragmented with consolidation opportunities and is expected to see continued investment and growth.
This document provides a weekly summary of news related to Balmer Lawrie and other topics such as the Indian economy, government policies, and business sectors. The summary includes news about Prime Minister Modi's comments on expanding India's economy fivefold by 2040 through affordable energy. It also discusses updates on digital payments increasing after demonetization, the RBI cutting growth estimates, and plans for cashless salary payments in industries.
Charade & Shadows of India's Currency Remonetization 2016Shantanu Basu
Briefly analyzes India's currency remonetization and concludes that there murky details in the background that do not synch with the stated official objectives.
The document provides summaries of several recent news articles related to the Indian economy and key industries:
1) The ADB has reduced its forecast for India's GDP growth in FY2017 to 7% from 7.4% due to the impact of demonetization on cash-based sectors.
2) Finance Minister Jaitley hinted that future tax rates could be lower as demonetization leads to greater digitization of transactions and more revenues.
3) Commerce Minister Sitharaman expressed optimism about positive export growth in 2017 after three months of increases in shipments.
INDIA LEGAL: Stories that count Edition: 30 January 2017ENC
India Legal, ENC’s flagship product is a credible news magazine with a pan-India presence. Packed with in-depth reports, analyses, breaking stories, thought-inspiring features, views and insights on politico-legal issues. For More visit us at: http://www.indialegallive.com/
The document discusses trends in the Indian real estate sector. It notes that the urban population in India is expected to increase to 600 million by 2031 which will drive demand for residential real estate. Foreign direct investment in the sector has grown substantially over the past decade and is expected to reach $25 billion annually by 2022. The Indian construction market is projected to more than double to $649.5 billion by 2020 due to rapid urbanization and economic growth.
The document provides a weekly summary of news articles from June 18-25, 2012 related to Indian public sector enterprises and businesses. Some key points covered include:
- The government plans to consult SEBI on investing surplus funds from profitable public sector companies to stimulate the economy.
- The government aims to raise Rs. 20,000 crore through stake sales in 15 public sector companies including BHEL, SAIL and Oil India.
- Fitch downgraded the credit outlook of several public sector companies like NTPC, SAIL and IOC following a downgrade of India's overall credit outlook.
- Concor plans to set up nine logistics parks in Odisha with investments between Rs. 50-
The document provides background information on India's 2016 demonetization of 500 and 1000 rupee banknotes. It discusses the economic and political context for the move, details of the announcement including exchange procedures, allegations of prior information leaks, and impacts on the population.
The document discusses the Indian real estate sector. It notes that the sector is expected to more than double in size to $649.5 billion by 2020 from $360 billion in 2010. Rapid urbanization and rising incomes are driving demand for residential, commercial, and retail real estate. The government is also supporting the sector through policies around affordable housing and allowing 100% FDI. The real estate sector is fragmented with consolidation opportunities and is expected to see continued investment and growth.
INDIA ASSAULTS CASH AGAIN, 100% FINE FOR CASH USE WILL BOOST BITCOIN PRICESteven Rhyner
The Indian {finance|financing|money} {minister|priest|preacher} Arun Jaitley {presented|provided|offered} the Union Budget to the parliament, India's {most important|essential|crucial} {financial|monetary|economic} {event|occasion} {expected|anticipated} with hopes {and|as well as|and also} {worries|concerns|fears}.
The document provides an overview of the real estate market in India. Some key points:
1) The real estate sector in India is expected to reach $1 trillion by 2030, contributing 13% to the country's GDP by 2025. Rapid urbanization and rising incomes are driving growth in the residential and commercial real estate segments.
2) Government initiatives such as Housing for All and the relaxation of FDI norms are boosting investments in the sector. Private equity investments in real estate reached $3.37 billion between January-October 2018.
3) Major segments include residential, commercial, retail, hospitality, and SEZs. Demand is growing across segments due to economic growth, urbanization,
The document discusses the Indian economy and real estate sector. It states that India's GDP growth of 7.4% in the second quarter of 2015-16 allowed it to surpass China as the world's fastest growing major economy. Government initiatives like "Make in India" and relaxing of FDI norms in real estate are helping to improve investor confidence and drive growth in manufacturing and real estate. The Indian real estate market is projected to reach $180 billion by 2020 and benefit from increased investment, growing demand, and a push for infrastructure development through initiatives like "Housing for All" and "Smart Cities".
Mumbai Real Estate Analysis 2019-2020 by HomebookingindiaHome Booking India
Real estate is one of the major contributors to India’s GDP, and the market saw several progressive policy reforms in the last couple of years. While it’s true that most of these reforms were taken back in 2017-2018, the impacts were seen largely in 2019-2020
Sometimes when we have a glimpse at various magazines, news articles, blogs we see a plethora of findings, reports and everybody we halt to press the quote as India is turning into a commercial hub. Now it is obvious that we often think of it differently as to what is the hype towards the brand frames as India Inc. We are often clueless and think about its tangibility. Is commercialization really happening?
In long term perspective, commercialization has comprised a process that began long before 1800 A.D. and accelerated thereafter to shift the balance and conduct of exchange relationships everywhere in India. Two commodities, land and labor indicates most clearly how these attributes defines India.
This issue sums up all the aspects related with commercialization in India.
The document provides summaries of recent news articles related to the Indian economy:
1) Eminent economist Lawrence Summers says India has the potential to grow at 9% for a decade if bold reforms are taken. However, growth of over 7.5% will require further reforms at national, state, and cultural levels.
2) The ADB kept India's growth forecast unchanged at 7.4% for FY16 and 7.8% for FY17 but warned of downside risks from slow private investment and rural demand.
3) Recent GDP data showed a pick-up in investment demand and manufacturing contribution to growth, but overall growth was on a high base from last year.
The document provides an executive summary and analysis of key industries in India, including banks, cement, infrastructure, IT, and media & entertainment. It summarizes that the RBI kept interest rates unchanged at its mid-December policy meeting while cement stock prices declined sharply. It also notes that infrastructure stocks performed the worst for the year due to higher costs and slower growth, while IT stocks were mixed as the rupee hit record lows against the dollar.
The document provides information on the Indian real estate sector. Some key points:
- The Indian real estate market is expected to grow significantly by 2028, increasing from $126 billion in 2015 to an estimated $853 billion.
- Rapid urbanization, rising incomes, and government policies like the Housing for All initiative are driving growth in the sector.
- Demand is strong across segments like residential, commercial, and retail space. The residential segment currently contributes about 80% of the market.
- Major cities like Mumbai, Delhi, and Bengaluru are seeing high demand for office and retail space. The demand is growing for commercial properties in tier 2 and 3 cities as well.
The document provides an overview of the real estate sector in India. Some of the key points summarized are:
1) The real estate sector in India is expected to reach US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13% to the country's GDP by 2025.
2) Rapid urbanization, growing population, and rising incomes are driving demand for residential and commercial real estate across major cities in India.
3) The government's Housing for All initiative and policies like RERA are helping boost investments and make the sector more transparent.
4) Segments like hospitality, retail, and warehousing are also witnessing strong growth supported by factors like tourism, organized
The real estate sector in India is expected to reach a market size of US$ 180 billion by 2020, growing from US$ 126 billion in 2015. Rapid urbanization is driving demand, with the urban population in India projected to reach 543 million by 2025. The government's Housing for All initiative aims to attract investments of US$ 1.3 trillion in housing by 2025. FDI inflows into real estate increased to US$ 24.67 billion between April 2000-December 2017. Economic growth and rising incomes are increasing demand for residential and commercial real estate across major cities.
The article discusses India's slowing economic growth and the government's efforts to stimulate the economy through two fiscal packages. While the packages aimed to provide relief to struggling industries and boost exports, experts note that low consumer confidence and weak private sector lending may prevent a quick revival. The bigger challenge will be managing growth in the next fiscal year, as GDP growth is expected to fall below 7% this year and may not exceed 6% next year. Reviving demand will require continued policy support from the government as well as businesses lowering prices to attract consumers.
Start ups get boost up with demonetisation driveRakesh Singh
Recent Demonetisation drive launched by PM Narendra Modi has given a much needed boost to startups in online space. Fintech sector is of course largest gainer but others industries are not far behind.
Real Estate and promotional strategies in Puravankara Projects LtdSrihari Reddy
In today’s dynamic and competitive environment, every business depends on the acceptance of the customers. Customers have numerous choices to make the final decision and they are heavily influencing the companies in regard to the product price, quality and sizes. Among the different marketing communication tools, companies are giving attention to the sales promotion to attract the customers. Therefore, the aim of this research paper is to determine the impact of sales promotion on the consumer home buying behavior.
The real estate sector in India is expected to reach US$ 650 billion by 2040, driven by rapid urbanization, rising incomes, and government initiatives like Housing for All. Currently valued at US$ 120 billion, the sector is growing at a CAGR of over 10%. Key segments include residential, commercial, retail, hospitality, and infrastructure. While metros continue to drive demand, growth is also being seen in tier 2 and 3 cities. The government's focus on smart cities and affordable housing is further boosting real estate activity across India.
The document provides an overview of the Indian real estate market. Some key points:
1) The Indian real estate market is expected to grow significantly over the next decade, increasing from $126 billion in 2015 to an estimated $853 billion by 2028.
2) Rapid urbanization is driving demand, with the number of Indians living in urban areas projected to rise from 434 million in 2015 to around 600 million by 2031.
3) Between April 2000 to December 2017, FDI inflows into the real estate sector stood at $24.67 billion, accounting for 6.71% of total FDI inflows. FDI in the sector is estimated to reach $25 billion by 2022.
Real Estate Sector In India - Certain Tax and Regulatory Aspects (2013) - RSM...RSM India
The document discusses the proposed Real Estate (Regulation and Development) Bill 2013 in India. The bill aims to regulate and bring transparency to the real estate sector. It mandates the registration of real estate projects and agents. It also requires 70% of funds from projects to be deposited in a separate account. The bill establishes authorities to oversee projects and resolve disputes. If passed, the bill would help protect home buyers and ensure timely completion of projects.
The document provides a weekly media update with news clips from various media sources related to public sector enterprises (PSEs) and industries relevant to Balmer Lawrie. The update includes:
1) The government seeking nominations for anti-corruption officials in PSEs and a decision on fixed tenure for PSU chiefs being delayed until after state elections.
2) The finance ministry requiring all profitable oil companies to declare a minimum 30% dividend and the RBI increasing interest rates.
3) Reports on turnaround PSEs becoming profitable, a scam related to fake travel claims, and revisions to LTA norms for public sector banks.
INDIA ASSAULTS CASH AGAIN, 100% FINE FOR CASH USE WILL BOOST BITCOIN PRICESteven Rhyner
The Indian {finance|financing|money} {minister|priest|preacher} Arun Jaitley {presented|provided|offered} the Union Budget to the parliament, India's {most important|essential|crucial} {financial|monetary|economic} {event|occasion} {expected|anticipated} with hopes {and|as well as|and also} {worries|concerns|fears}.
The document provides an overview of the real estate market in India. Some key points:
1) The real estate sector in India is expected to reach $1 trillion by 2030, contributing 13% to the country's GDP by 2025. Rapid urbanization and rising incomes are driving growth in the residential and commercial real estate segments.
2) Government initiatives such as Housing for All and the relaxation of FDI norms are boosting investments in the sector. Private equity investments in real estate reached $3.37 billion between January-October 2018.
3) Major segments include residential, commercial, retail, hospitality, and SEZs. Demand is growing across segments due to economic growth, urbanization,
The document discusses the Indian economy and real estate sector. It states that India's GDP growth of 7.4% in the second quarter of 2015-16 allowed it to surpass China as the world's fastest growing major economy. Government initiatives like "Make in India" and relaxing of FDI norms in real estate are helping to improve investor confidence and drive growth in manufacturing and real estate. The Indian real estate market is projected to reach $180 billion by 2020 and benefit from increased investment, growing demand, and a push for infrastructure development through initiatives like "Housing for All" and "Smart Cities".
Mumbai Real Estate Analysis 2019-2020 by HomebookingindiaHome Booking India
Real estate is one of the major contributors to India’s GDP, and the market saw several progressive policy reforms in the last couple of years. While it’s true that most of these reforms were taken back in 2017-2018, the impacts were seen largely in 2019-2020
Sometimes when we have a glimpse at various magazines, news articles, blogs we see a plethora of findings, reports and everybody we halt to press the quote as India is turning into a commercial hub. Now it is obvious that we often think of it differently as to what is the hype towards the brand frames as India Inc. We are often clueless and think about its tangibility. Is commercialization really happening?
In long term perspective, commercialization has comprised a process that began long before 1800 A.D. and accelerated thereafter to shift the balance and conduct of exchange relationships everywhere in India. Two commodities, land and labor indicates most clearly how these attributes defines India.
This issue sums up all the aspects related with commercialization in India.
The document provides summaries of recent news articles related to the Indian economy:
1) Eminent economist Lawrence Summers says India has the potential to grow at 9% for a decade if bold reforms are taken. However, growth of over 7.5% will require further reforms at national, state, and cultural levels.
2) The ADB kept India's growth forecast unchanged at 7.4% for FY16 and 7.8% for FY17 but warned of downside risks from slow private investment and rural demand.
3) Recent GDP data showed a pick-up in investment demand and manufacturing contribution to growth, but overall growth was on a high base from last year.
The document provides an executive summary and analysis of key industries in India, including banks, cement, infrastructure, IT, and media & entertainment. It summarizes that the RBI kept interest rates unchanged at its mid-December policy meeting while cement stock prices declined sharply. It also notes that infrastructure stocks performed the worst for the year due to higher costs and slower growth, while IT stocks were mixed as the rupee hit record lows against the dollar.
The document provides information on the Indian real estate sector. Some key points:
- The Indian real estate market is expected to grow significantly by 2028, increasing from $126 billion in 2015 to an estimated $853 billion.
- Rapid urbanization, rising incomes, and government policies like the Housing for All initiative are driving growth in the sector.
- Demand is strong across segments like residential, commercial, and retail space. The residential segment currently contributes about 80% of the market.
- Major cities like Mumbai, Delhi, and Bengaluru are seeing high demand for office and retail space. The demand is growing for commercial properties in tier 2 and 3 cities as well.
The document provides an overview of the real estate sector in India. Some of the key points summarized are:
1) The real estate sector in India is expected to reach US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13% to the country's GDP by 2025.
2) Rapid urbanization, growing population, and rising incomes are driving demand for residential and commercial real estate across major cities in India.
3) The government's Housing for All initiative and policies like RERA are helping boost investments and make the sector more transparent.
4) Segments like hospitality, retail, and warehousing are also witnessing strong growth supported by factors like tourism, organized
The real estate sector in India is expected to reach a market size of US$ 180 billion by 2020, growing from US$ 126 billion in 2015. Rapid urbanization is driving demand, with the urban population in India projected to reach 543 million by 2025. The government's Housing for All initiative aims to attract investments of US$ 1.3 trillion in housing by 2025. FDI inflows into real estate increased to US$ 24.67 billion between April 2000-December 2017. Economic growth and rising incomes are increasing demand for residential and commercial real estate across major cities.
The article discusses India's slowing economic growth and the government's efforts to stimulate the economy through two fiscal packages. While the packages aimed to provide relief to struggling industries and boost exports, experts note that low consumer confidence and weak private sector lending may prevent a quick revival. The bigger challenge will be managing growth in the next fiscal year, as GDP growth is expected to fall below 7% this year and may not exceed 6% next year. Reviving demand will require continued policy support from the government as well as businesses lowering prices to attract consumers.
Start ups get boost up with demonetisation driveRakesh Singh
Recent Demonetisation drive launched by PM Narendra Modi has given a much needed boost to startups in online space. Fintech sector is of course largest gainer but others industries are not far behind.
Real Estate and promotional strategies in Puravankara Projects LtdSrihari Reddy
In today’s dynamic and competitive environment, every business depends on the acceptance of the customers. Customers have numerous choices to make the final decision and they are heavily influencing the companies in regard to the product price, quality and sizes. Among the different marketing communication tools, companies are giving attention to the sales promotion to attract the customers. Therefore, the aim of this research paper is to determine the impact of sales promotion on the consumer home buying behavior.
The real estate sector in India is expected to reach US$ 650 billion by 2040, driven by rapid urbanization, rising incomes, and government initiatives like Housing for All. Currently valued at US$ 120 billion, the sector is growing at a CAGR of over 10%. Key segments include residential, commercial, retail, hospitality, and infrastructure. While metros continue to drive demand, growth is also being seen in tier 2 and 3 cities. The government's focus on smart cities and affordable housing is further boosting real estate activity across India.
The document provides an overview of the Indian real estate market. Some key points:
1) The Indian real estate market is expected to grow significantly over the next decade, increasing from $126 billion in 2015 to an estimated $853 billion by 2028.
2) Rapid urbanization is driving demand, with the number of Indians living in urban areas projected to rise from 434 million in 2015 to around 600 million by 2031.
3) Between April 2000 to December 2017, FDI inflows into the real estate sector stood at $24.67 billion, accounting for 6.71% of total FDI inflows. FDI in the sector is estimated to reach $25 billion by 2022.
Real Estate Sector In India - Certain Tax and Regulatory Aspects (2013) - RSM...RSM India
The document discusses the proposed Real Estate (Regulation and Development) Bill 2013 in India. The bill aims to regulate and bring transparency to the real estate sector. It mandates the registration of real estate projects and agents. It also requires 70% of funds from projects to be deposited in a separate account. The bill establishes authorities to oversee projects and resolve disputes. If passed, the bill would help protect home buyers and ensure timely completion of projects.
The document provides a weekly media update with news clips from various media sources related to public sector enterprises (PSEs) and industries relevant to Balmer Lawrie. The update includes:
1) The government seeking nominations for anti-corruption officials in PSEs and a decision on fixed tenure for PSU chiefs being delayed until after state elections.
2) The finance ministry requiring all profitable oil companies to declare a minimum 30% dividend and the RBI increasing interest rates.
3) Reports on turnaround PSEs becoming profitable, a scam related to fake travel claims, and revisions to LTA norms for public sector banks.
S.Gautham- Design Executive- Curriculum VitaeGautham S
Presently working as a "Design Engineer in Research and Development" and BE-Mechanical Engineering with sound knowledge 3D- Modelling in Croe2.0 & 2D modelling in AutoCAD, Production Planning & Control, Documentation & Design & Production Technology
The document discusses the history and development of artificial intelligence over several decades. Early research focused on symbolic approaches using rules and logic but progress was slow. More recently, machine learning techniques such as deep learning have seen increasing success by learning from large amounts of data without being explicitly programmed. These new approaches have achieved human-level performance on some tasks but full human-level AI remains an ongoing challenge.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise boosts blood flow, releases endorphins, and promotes changes in the brain which help regulate emotions and stress levels.
Realty fact - Realty sector has potential to increase completed space to more...Kumar Saurabh
According to a CBRE-AMCHAM report, India's real estate sector has the potential to increase completed space from 3.6 billion sq ft in 2013-14 to nearly 8.2 billion sq ft by 2025. This expansion could generate 17 million new jobs and more than double the sector's economic contribution from 6.3% to 13% of GDP. However, realizing this growth would require effective use of opportunities and policies to address industry bottlenecks. The report also examines real estate market trends and outlooks across major cities in India.
Summary of July -2017 Residential Research Report for Bengaluru Idirees Chenakkal
Research Report – The inside story
Redwoods Research’s Mid-Year Residential Research Report for 2017 released in the month of July is a compilation of the general residential market in Bengaluru, and particularly the Supply and Demand scenario to give the reader a better understanding of the same. This report comprehends a cohesive research by the Redwoods team of Research analysts and experts where an intensive on-field thorough research by tracking trends from over 1,496 primary Bengaluru’s residential projects was conducted.
Fundamental figures
Bangalore residential market witnessed a slight escalation in its Weighted Average Capital Value by 2.3% from INR 5,314 per Sq. ft. to INR 5,437 per Sq. ft.
The Bangalore residential market would require 39 Months to offload its Unsold Inventory.
Category wise highlights
Sales Velocity of Residential Apartments and Plots dropped by -16.5% and -24.4% respectively, whereas the Row houses and Villa Developments observed a slight increase in its Sales Velocity by 1% and 09% respectively.
Months Inventory for apartment and plot recorded at 40 and 30 Months respectively.
To know more, contact Mr. Idirees Chenakkal
The document provides a weekly summary of developments in global and Indian markets and macroeconomy for the week of October 15-19, 2012. It notes that Indian equity markets were flat for the week while private banks reported good quarterly results. It also discusses expectations for an upcoming RBI monetary policy decision and interest rate cuts. Rising Indian inflation is a risk to further cuts while global issues include the EU debt crisis and slowing Chinese growth.
The document discusses the impact of the Telangana statehood bill on the real estate market in Hyderabad and other cities in Andhra Pradesh. Real estate developers expressed mixed views on the bill and disappointment over the interim budget that provided no relief for the struggling real estate sector. The passage of the bill may increase demand and property prices in Hyderabad and other cities being considered for the new Andhra Pradesh capital.
The document discusses India's goal of providing housing for all citizens by 2022 and the significant funding required to achieve this. It notes that the current level of annual investment in the housing sector needs to double to around 16 lakh crore rupees in order to meet the target. Private developers face challenges in developing affordable housing projects at a large scale. Reforms are needed to increase lending from banks and draw greater private and foreign investment to close the funding gap.
Stay abreast of trending CRE news and updates with Corner Space. This edition highlights the effect of the Union Budget on the CRE sector, Bengaluru booming as a commercial real estate hotspot and more. Stay tuned!
The document provides an overview of the Indian real estate sector. Some key points:
1) The real estate sector in India is expected to reach US$ 1 trillion by 2030, contributing 13% to the country's GDP by 2025.
2) Rapid urbanization is driving demand, with the urban population projected to reach 543 million by 2025. Over 70% of India's GDP will come from urban areas by 2020.
3) The government's Housing for All initiative aims to bring US$ 1.3 trillion in housing investments and construct 60 million houses by 2022.
Second half of 2014 to fuel growth in real estateMahaveer Group
1) Real estate professionals predict that the sector will start improving in the second half of 2014 after the general elections bring clarity on the new government and businesses increase investment.
2) 2013 was a dull year for real estate across residential, office, and retail properties in most cities due to declining absorption.
3) Residential absorption fell in cities like Mumbai, Delhi, and Pune in the first three quarters of 2013.
Rusmin Lawin is a respected young leader in Indonesia who owns a development company. He has played significant roles connecting the real estate industries of Malaysia and Indonesia.
The document discusses the growth of Indonesia's real estate market, driven by factors like achieving investment grade status, relaxing foreign ownership restrictions, high economic growth rates, and infrastructure development plans. It predicts the commercial real estate sector, especially retail and office space, will see rising rents and continued strong performance over the next few years.
- The article discusses Balmer Lawrie & Co, a mini-ratna PSU involved in logistics and warehousing. It notes that the Indian warehousing industry is growing at 10% annually and that Balmer Lawrie is redeveloping some of its land assets to develop more warehouses and logistics parks.
- Several news clips from media sources are mentioned covering topics like ADB retaining India's growth forecast, decline in retail inflation and rise in industrial output, exports and wholesale inflation figures, and planned investment in India's energy sector.
- A follow-on offer of the Bharat-22 ETF is planned for February to raise Rs. 10,000 crores.
Real estate - Making India_Ernst and YoungPratik Chawla
The real estate sector in India slowed down in recent years due to reduced demand, rising construction costs, and high debt costs. However, the sector is now showing signs of recovery due to political stability under the new government, proposed reforms, and initiatives like the smart cities project. Real estate contributes significantly to India's GDP and job creation. The new government's policies aim to boost growth in the sector through measures like increased foreign investment, a housing program, and allowing real estate investment trusts.
- Balmer Lawrie's net sales for March 2023 increased 5.68% year-over-year to Rs 608.05 crore, while net profit declined 5.45% to Rs 44.60 crore.
- India is expected to be the fastest growing G20 economy over the next few years, driven by growth in manufacturing and infrastructure sectors. However, reforms and policy barriers could hamper investment.
- Strong domestic demand is powering India's economic growth, with consumption showing steady growth and investment in infrastructure and real estate picking up.
Real estate refers to land and buildings. It is the second largest employer in India after agriculture and contributes 5-6% to India's GDP. There are four main types of real estate: residential, commercial, industrial, and land. The Indian real estate market faces challenges like approval difficulties, lack of clear land titles, and high costs. However, various government initiatives like the Smart Cities project and affordable housing schemes aim to boost the sector. The market is expected to reach $180 billion by 2020, growing at 11.2% annually between 2008-2020, with urban housing demand estimated at 4.2 million units from 2016-2020.
The document contains summaries of several news stories:
1. SEBI clears smart order routing for all investors, which will help buyers and sellers get the best price on stock exchanges. Regulators have ended a battle between NSE and BSE.
2. The revised Direct Tax Code keeps the taxable basis as actual rent received and aims to simplify existing tax laws.
3. The Indian economy grew by 8.8% in the April-June quarter driven by strong manufacturing and agriculture growth.
4. Reliance Industries acquired a 14.12% stake in East India Hotels.
The document contains summaries of several news stories:
1. SEBI clears smart order routing for all investors, which will help buyers and sellers get the best price on stock exchanges. Regulators have ended a battle between NSE and BSE.
2. The revised Direct Tax Code keeps the taxable basis as actual rent received and aims to simplify existing tax laws.
3. The Indian economy grew by 8.8% in the April-June quarter driven by strong manufacturing and agriculture growth.
4. Reliance Industries acquired a 14.12% stake in East India Hotels.
360 Realtors has launched its Quarterly Real Estate Report (Q1 FY 20), covering 5 major Indian Property Markets- Delhi NCR, Mumbai Metropolitan Region (MMR), Hyderabad, Bangalore &, Pune. The in-depth report has captured critical parameters such as transaction growth, price trends, supply-demand pattern, infrastructure update & much more across key Indian cities.
This document provides a weekly media update for Balmer Lawrie, an Indian public sector company. It includes various news articles from July 21-22, 2018 mentioning Balmer Lawrie or related topics like other public sector enterprises and industries Balmer Lawrie operates in. It also lists some online news coverage and reports on wholesale inflation reaching a 4-year high in June.
1) The Indian real estate market is expected to reach $180 billion by 2020, growing at a CAGR of over 15%.
2) Rapid urbanization and rising incomes are driving demand across residential, commercial, retail, and hospitality segments.
3) The government's 'Housing for All by 2022' initiative aims to address the urban housing shortage of over 10 million units through incentives for developers and home buyers.
Indian Oil's retail outlets in rural West Bengal have started dispensing cash to help with the cash crunch arising from India's demonetization of Rs 500 and Rs 1000 currency notes. Currently 56 outlets are providing this service, but over 150 outlets across interior Bengal will provide cash by November 19. Public sector oil companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum, in association with State Bank of India, are working to ease cash availability issues after demonetization. People can withdraw up to Rs 2000 per day by swiping their debit cards at select petrol pumps with SBI POS machines.
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SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
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2. No.
1.
Website
Press Trust of India
2.
The Times of India
3.
The Economic Times
4.
Business Standard
5.
Financial Express
6.
The Hindu
7.
The Indian Express
8.
The Hindu Business Line
9.
Business Today
10.
Moneylife
11.
Afternoon DC
URL
Appeared
http://timesofindia.indiatimes.com/business/indiabusiness/Commercial-residential-NPA-properties-worth-Rs-7700-croreup-for-sale-in-India/articleshow/28187284.cms
http://articles.economictimes.indiatimes.com/2013-1231/news/45739991_1_npasource-com-gnpas-rs-200-crore
http://www.business-standard.com/article/companies/commercialresidential-npa-properties-worth-rs-7-700-crore-up-for-sale113123100466_1.html
http://www.financialexpress.com/news/real-estate-npas-worth-rs-7000cr-up-for-sale-report/1213908
http://www.thehindu.com/business/Industry/rs-7700-cr-worth-realtynpas-up-for-sale-report/article5523313.ece
http://www.indianexpress.com/news/real-estate-npas-worth-rs-7000-crup-for-sale-report/1213908/
http://www.thehindubusinessline.com/industry-andeconomy/banking/commercial-residential-properties-of-npas-worth-rs7700-cr-up-for-grabs/article5522734.ece
http://businesstoday.intoday.in/story/rs-7700-cr-worth-realty-npasavailable-for-sale-report/1/201969.html
http://moneylife.in/article/commercial-residential-npa-propertiesworth-rs7700-crore-up-for-sale/35817.html
http://www.afternoondc.in/business/rs-7700-crore-npa-properties-upfor-sale/article_99600
3. PRESS TRUST OF INDIA
Rs 7,700 cr worth realty NPAs up for sale: Report
Mumbai, Dec 31 (PTI) Indicating the worsening stress on the realty sector, an estimated Rs
7,700 crore worth of commercial and residential properties loans are up for sale, according to
an industry report.
Data compiled by NPAsource.com, a portal that focuses on resolution of stressed assets, shows
that there are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment funded by banks and other financial institutions and valued at over Rs
7,700 crore, which have turned NPAs and are on the block.
The portal has NPA data of properties worth around Rs 27,500 crore spread across 27,626 units.
Out of this, commercial NPA properties have a 15 per cent share in value term, while residential
properties constitute 13 per cent. The lion's share of bad assets come from the industrial land
and building category constituting over 65 per cent share in value terms, the portal said.
Portal Chairman D K Jain said Maharashtra, largely due to Mumbai, tops both the commercial
and residential categories with Rs 842 crore and Rs 838 crore worth NPAs, respectively. Delhi
follows with Rs 686 crore worth of commercial NPAs and Rs 500 crore worth of residential
NPAs.
Andhra is at number three in residential properties with Rs 497 crore worth of NPAs up for sale
under. Tamil Nadu, Bengal and UP are the next three states with highest value of commercial
and residential NPA properties, he said.
Though Mumbai leads the space in realty NPAs, Delhi leads on the single-NPA front, with a New
Delhi office property, valued at Rs 200 crore at the base price turning bad and followed by a
farm-house in the Capital with a base value of Rs 40 crore. Against this, the priciest two
Mumbai properties pale in value with a base price value of Rs 26.5 crore and Rs 24.6 crore,
respectively, said Jain.
"As NPAs in the corporate sector continue to grow, there will be more commercial and
residential properties coming up for auction. The slowdown in realty markets has further added
to the woes of the lenders who will not be able to generate higher returns by selling these
mortgaged properties," said Jain. According to the half-yearly financial stability report of the
4. RBI released yesterday, the gross NPAs in the system is set to rise to 4.6 per cent by September
2014 from 4.2 per cent in September 2013 or about Rs 2.29 trillion from Rs 1.67 trillion a year
earlier. The amount of recast loans touched an all-time high of Rs 4 trillion or 10.2 per cent of
the overall advances.
The report also warned that in case the economic conditions deteriorate, the same number will
be at the 7 per cent mark by March 2015.
The state-run banks will be the worst affected, the FSR said, pegging the GNPAs for public
sector banks to touch 4.9 per cent by March 2015, while the same for new private sector banks
will be 2.7 per cent.
If the restructured assets are added, the total stressed advances ratio rose to 10.2 per cent in
September 2013 from the 9.2 per cent in March 2013, the RBI said.
The report said though agriculture accounted for the highest GNPAs at 5.5 per cent as of the
quarter to September 2013, it is the industry with a GNPA of 4.9 per cent and 10.9 per cent of
restructured which is the main culprit.
5. THE TIMES OF INDIA
http://timesofindia.indiatimes.com/business/india-business/Commercial-residential-NPAproperties-worth-Rs-7700-crore-up-for-sale-in-India/articleshow/28187284.cms
Commercial, residential NPA properties worth Rs 7,700 crore
up for sale in India
COIMBATORE: Commercial and residential properties of non-performing assets (NPAs) with
banks and financial institutions worth an estimated Rs 7,700 crore are up for sale, according to
data compiled by NPAsource.com, a portal which focuses on resolution of stressed assets.
There are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment.
"Maharashtra, largely due to Mumbai, tops both the commercial and residential categories
with Rs 842 crore and Rs 838 crore respectively," said D K Jain, chairman & managing director
of Atishya Technologies, which owns NPAsource.com portal.
Delhi came next with NPA property worth Rs 686 crore in the commercial segment and Rs 500crore worth of NPA residential properties. Andhra Pradesh stood next in the residential
properties ranking with Rs 497-crore worth of space up for sale under NPA properties to be
auctioned by banks and financial institutions. Tamil Nadu, West Bengal and Uttar Pradesh are
the next three states with highest value of commercial and residential NPA properties up for
sale.
The single largest commercial property in value terms is an office property in New Delhi valued
at Rs 200 crore at the base price. In the residential category, the single largest NPA property
happens to a farm house at New Delhi with a base value of Rs 40 crore.
Mumbai has two NPA commercial properties with a base price value of Rs 26.5 crore and Rs
24.6 crore respectively.
"As NPAs in the corporate sector continue to grow in the coming months, there will be more
commercial and residential properties which will be put under the auction block by banks and
financial institutions to recover their dues," Jain said.
6. "A slowdown in the real estate markets across the country has further added to the woes of the
lenders who will not be able to generate higher returns from the sale of mortgaged properties
in the residential and commercial spaces," he said. "A positive turnaround in the realty market
as well as the Indian economy may take place around May if a stable government is formed at
the Centre," Jain said.
As on March 31, 2013, net NPAs of 40 listed banks stood at Rs 93,109 crore, which rose to Rs.
12,85,33 crore as on September 30, 2013. NPAsource.com has total NPA properties worth
around Rs 27,500 crore registered on its portal spread across 27,626 units. Commercial NPA
properties have a 15% share in value terms while residential properties have a 13% share.
7. THE ECONOMIC TIMES
http://articles.economictimes.indiatimes.com/2013-12-31/news/45739991_1_npasource-comgnpas-rs-200-crore
MUMBAI: Indicating the worsening stress on the realty sector, an estimated Rs 7,700 crore
worth of commercial and residential properties loans are up for sale, according to an industry
report.
Data compiled by NPAsource.com, a portal that focuses on resolution of stressed assets, shows
that there are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment funded by banks and other financial institutions and valued at over Rs
7,700 crore, which have turned NPAs and are on the block.
The portal has NPA data of properties worth around Rs 27,500 crore spread across 27,626 units.
Out of this, commercial NPA properties have a 15 per cent share in value term, while residential
properties constitute 13 per cent.
The lion's share of bad assets come from the industrial land and building category constituting
over 65 per cent share in value terms, the portal said.
Portal Chairman D K Jain said Maharashtra, largely due to Mumbai, tops both the commercial
and residential categories with Rs 842 crore and Rs 838 crore worth NPAs, respectively. Delhi
follows with Rs 686 crore worth of commercial NPAs and Rs 500 crore worth of residential
NPAs.
Andhra is at number three in residential properties with Rs 497 crore worth of NPAs up for sale
under. Tamil Nadu, Bengal and UP are the next three states with highest value of commercial
and residential NPA properties, he said.
Though Mumbai leads the space in realty NPAs, Delhi leads on the single-NPA front, with a New
Delhi office property, valued at Rs 200 crore at the base price turning bad and followed by a
farm-house in the Capital with a base value of Rs 40 crore.
Against this, the priciest two Mumbai properties pale in value with a base price value of Rs 26.5
crore and Rs 24.6 crore, respectively, said Jain.
8. "As NPAs in the corporate sector continue to grow, there will be more commercial and
residential properties coming up for auction. The slowdown in realty markets has further added
to the woes of the lenders who will not be able to generate higher returns by selling these
mortgaged properties," said Jain.
According to the half-yearly financial stability report of the RBI released yesterday, the gross
NPAs in the system is set to rise to 4.6 per cent by September 2014 from 4.2 per cent in
September 2013 or about Rs 2.29 trillion from Rs 1.67 trillion a year earlier.
The amount of recast loans touched an all-time high of Rs 4 trillion or 10.2 per cent of the
overall advances.
The report also warned that in case the economic conditions deteriorate, the same number will
be at the 7 per cent mark by March 2015.
The state-run banks will be the worst affected, the FSR said, pegging the GNPAs for public
sector banks to touch 4.9 per cent by March 2015, while the same for new private sector banks
will be 2.7 per cent.
If the restructured assets are added, the total stressed advances ratio rose to 10.2 per cent in
September 2013 from the 9.2 per cent in March 2013, the RBI said.
The report said though agriculture accounted for the highest GNPAs at 5.5 per cent as of the
quarter to September 2013, it is the industry with a GNPA of 4.9 per cent and 10.9 per cent of
restructured which is the main culprit.
9. BUSINESS STANDARD
http://www.business-standard.com/article/companies/commercial-residential-npa-propertiesworth-rs-7-700-crore-up-for-sale-113123100466_1.html
Commercial, residential NPA properties worth Rs 7,700 crore
up for sale
As per the data collated by NPASource.com, there are around 2,200 units in the commercial
category and nearly 11,000 units in the residential segment
Indicating non-performing assets (NPAs) trends in the real estate sector, the NPAsource.com's
data has revealed that an estimated Rs 7,700 crore worth of commercial and residential
properties of NPAs are up for sale. A portal focusing on resolution of stressed assets,
NPAsource.com has compiled data of NPAs in terms of properties with banks and financial
institutions.
As per the data collated by the portal, there are around 2200 units in the commercial category
and nearly 11,000 units in the residential segment. NPAsource.com has total NPA properties
worth around Rs 27,500 crore registered on its portal spread across 27,626 units. Commercial
NPA properties have a 15 per cent share in value term while residential properties have a 13
per cent share.
The biggest chunk of NPA properties fall under the industrial land & building category with a 65
per cent plus share in value terms.
"Maharashtra, largely due to Mumbai, tops both the commercial and residential categories
with Rs 842 crore and Rs 838 crore respectively. Delhi comes next with Rs 686 crore worth of
NPA commercial and Rs 500 crore worth of NPA residential properties. Andhra Pradesh comes
at number three in the residential properties ranking with Rs 497 crore worth of space up for
sale under NPA properties to be auctioned by banks and financial institutions. Tamil Nadu,
West Bengal and Uttar Pradesh are the next three states with highest value of commercial and
residential NPA properties," said DK Jain, Chairman & MD of Atishya Technologies Ltd, which
owns NPAsource.com.
The single largest commercial property in value terms is an office property at New Delhi valued
at Rs 200 crore at the base price.
10. In the residential category, the single largest NPA property happens to be a farm house at New
Delhi with a base value of Rs 40 crore.
Mumbai has two NPA commercial properties with a base price value of Rs 26.5 crore and Rs
24.6 crore.
"As NPAs in the corporate sector continue to grow in the coming months, there will be more
commercial and residential properties which will be put under the auction block by banks and
financial institutions to recover their dues.
A slowdown in the real estate markets across the country has further added to the woes of the
lenders who will not be able to generate higher returns from the sale of mortgaged properties
in the residential and commercial spaces.
A positive turnaround in the realty market as well as the Indian economy may take place
around May if a stable government is formed at the Centre," said Jain.
As on March 31, 2013, net NPAs of 40 listed banks were Rs 93,109 crore, which rose to Rs
1,28,533 crore as on September 30, 2013.
11. FINANCIAL EXPRESS
http://www.financialexpress.com/news/real-estate-npas-worth-rs-7000-cr-up-for-salereport/1213908
Real estate NPAs worth Rs 7,000 cr up for sale: Report
Maharashtra, largely due to Mumbai, tops the list on both commercial & residential properties' NPAs.
An estimated Rs. 7,700-crore worth of residential and commercial properties as nonperforming assets (NPAs) with banks and financial institutions are up for sale. Maharashtra —
largely due to Mumbai — tops the list on both commercial and residential properties’ NPAs,
according to data compiled by NPAsource.com. The online portal has total NPA properties
worth around R27,500 crore registered from 27,626 units, of which, 2,200 are in the
commercial category and nearly 11,000 in the residential segment, it said.
The biggest chunk of NPA properties fall under the industrial land & building category, with a
65% plus share in value terms. State-wise, Maharashtra tops the list of most number of NPAs,
with 563 units worth R842 crore in commercial properties and 2,492 units worth R838 crore in
residential properties, NPAsource.com said. Delhi comes next with R686-crore worth of NPA
commercial and NPA residential properties worth Rs. 500 crore.
“Andhra Pradesh comes at number three in the residential properties ranking with R497 crore
worth of space up for sale under NPA properties to be auctioned by banks and financial
institutions. Tamil Nadu, West Bengal and Uttar Pradesh are the next three states, with highest
value of commercial and residential NPA properties,” said DK Jain, CMD of Atishya
Technologies, which owns NPAsource.com.
The real estate market has been reeling under the economic downturn and according to a
report by property consultant Cushman and Wakefield, the number of residential launches
dropped by about 12% this year from 2012. An estimated 1,72,500 apartment units were
launched this year in eight major cities —Mumbai, NCR, Bangalore, Chennai, Hyderabad,
Kolkata, Ahmedabad and Pune — compared with about 1,96,846 units in 2012.
Large commercial space that were leased out dipped sharply in the September quarter; while
Delhi saw a drop of 91% sequentially and 66% over the March quarter. The trend in Mumbai
was only slightly better — the fall was 50% sequentially and 62% over the January-March
period, the report noted.
12. THE HINDU
http://www.thehindu.com/business/Industry/rs-7700-cr-worth-realty-npas-up-for-salereport/article5523313.ece
Rs. 7,700 cr worth realty NPAs up for sale:
report
Indicating the worsening stress on the realty sector, an estimated Rs 7,700 crore worth of
commercial and residential properties loans are up for sale, according to an industry report.
Data compiled by NPAsource.com, a portal that focuses on resolution of stressed assets, shows
that there are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment funded by banks and other financial institutions and valued at over Rs
7,700 crore, which have turned NPAs and are on the block.
The portal has NPA data of properties worth around Rs 27,500 crore spread across 27,626 units.
Out of this, commercial NPA properties have a 15 per cent share in value term, while residential
properties constitute 13 per cent. The lion’s share of bad assets come from the industrial land
and building category constituting over 65 per cent share in value terms, the portal said. Portal
Chairman D K Jain said Maharashtra, largely due to Mumbai, tops both the commercial and
residential categories with Rs 842 crore and Rs 838 crore worth NPAs, respectively.
Delhi follows with Rs 686 crore worth of commercial NPAs and Rs 500 crore worth of residential
NPAs. Andhra is at number three in residential properties with Rs 497 crore worth of NPAs up
for sale under. Tamil Nadu, Bengal and UP are the next three states with highest value of
commercial and residential NPA properties, he said.
Though Mumbai leads the space in realty NPAs, Delhi leads on the single—NPA front, with a
New Delhi office property, valued at Rs 200 crore at the base price turning bad and followed by
a farm—house in the Capital with a base value of Rs 40 crore. Against this, the priciest two
Mumbai properties pale in value with a base price value of Rs 26.5 crore and Rs 24.6 crore,
respectively, said Jain. “As NPAs in the corporate sector continue to grow, there will be more
commercial and residential properties coming up for auction. The slowdown in realty markets
has further added to the woes of the lenders who will not be able to generate higher returns by
selling these mortgaged properties,” said Jain.
13. THE INDIAN EXPRESS
http://www.indianexpress.com/news/real-estate-npas-worth-rs-7000-cr-up-for-salereport/1213908/
Real estate NPAs worth Rs 7,000 cr up for sale: Report
An estimated R7,700-crore worth of residential and commercial properties as non-performing
assets (NPAs) with banks and financial institutions are up for sale. Maharashtra — largely due
to Mumbai — tops the list on both commercial and residential properties' NPAs, according to
data compiled by NPAsource.com. The online portal has total NPA properties worth around
R27,500 crore registered from 27,626 units, of which, 2,200 are in the commercial category and
nearly 11,000 in the residential segment, it said.
The biggest chunk of NPA properties fall under the industrial land & building category, with a
65% plus share in value terms. State-wise, Maharashtra tops the list of most number of NPAs,
with 563 units worth R842 crore in commercial properties and 2,492 units worth R838 crore in
residential properties, NPAsource.com said. Delhi comes next with R686-crore worth of NPA
commercial and NPA residential properties worth R500 crore.
"Andhra Pradesh comes at number three in the residential properties ranking with R497 crore
worth of space up for sale under NPA properties to be auctioned by banks and financial
institutions. Tamil Nadu, West Bengal and Uttar Pradesh are the next three states, with highest
value of commercial and residential NPA properties," said DK Jain, CMD of Atishya
Technologies, which owns NPAsource.com.
The real estate market has been reeling under the economic downturn and according to a
report by property consultant Cushman and Wakefield, the number of residential launches
dropped by about 12% this year from 2012. An estimated 1,72,500 apartment units were
launched this year in eight major cities —Mumbai, NCR, Bangalore, Chennai, Hyderabad,
Kolkata, Ahmedabad and Pune — compared with about 1,96,846 units in 2012.
Large commercial space that was leased out dipped sharply in the September quarter; while
Delhi saw a drop of 91% sequentially and 66% over the March quarter. The trend in Mumbai
was only slightly better — the fall was 50% sequentially and 62% over the January-March
period, the report noted.
14. THE HINDU BUSINESS LINE
http://www.thehindubusinessline.com/industry-and-economy/banking/commercialresidential-properties-of-npas-worth-rs-7700-cr-up-for-grabs/article5522734.ece
Stressed assets: Rs 7,700-cr worth property up for sale
More auctions by banks, financial institutions likely to recover dues: NPAsource.com
MUMBAI, DEC 31:
An estimated Rs 7,700 crore worth commercial and residential properties with banks and
financial institutions are up for sale, according to NPAsource.com, a portal focusing on
resolution of stressed assets.
There are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment, said D. K. Jain, Chairman and Managing Director of Atishya Technologies
Ltd, which owns the portal, here on Tuesday.
Maharashtra has taken the lead, largely due to Mumbai, in terms of having commercial nonperforming assets worth Rs 842 crore, and non-performing assets in residential categories
worth Rs 838 crore, according to data compiled by the portal.
Largest share
NPAsource has total NPA properties worth around Rs 27,500 crore registered on its portal
spread across 27,626 units.
Commercial NPA properties have a 15 per cent share in value term, while residential properties
have a 13 per cent share. The biggest chunk of NPA properties fall under the industrial land and
building category, with over 65 per cent share in value terms.
Elaborating on the findings, Jain said, “After Maharashtra topping both the commercial and
residential categories, comes Delhi, with Rs 686 crore worth of NPA commercial, and Rs 500
crore worth of NPA residential properties.”
Andhra Pradesh was at number three in the residential space, with Rs 497 crore worth of space
to be auctioned by banks and financial institutions. Tamil Nadu, West Bengal and Uttar Pradesh
were the next among States with the highest value of commercial and residential NPA
properties, Jain added.
The single largest commercial property in value terms is an office property at New Delhi valued
at Rs 200 crore at the base price. In the residential category, the largest property is a farmhouse
in New Delhi, with a base value of Rs 40 crore.
15. Mumbai has two NPA commercial properties with a base price value of Rs 26.5 crore and Rs
24.6 crore, the study showed.
More in store
“As NPAs in the corporate sector continue to grow in the coming months, there will be more
commercial and residential properties which will be put under the auction block by banks and
financial institutions to recover their dues.
“A slowdown in the real estate markets across the country has further added to the woes of the
lenders, who will not be able to generate higher returns from the sale of mortgaged properties
in the residential and commercial spaces,” Jain added.
He noted that a positive turnaround in the realty market, as well as the Indian economy, may
take place around May if a stable government is formed at the Centre.
As on March 31, 2013, net NPAs of 40 listed banks were Rs 93,109 crore, which rose to Rs
1,28,533 crore as on September 30, 2013.
16. BUSINESS TODAY
http://businesstoday.intoday.in/story/rs-7700-cr-worth-realty-npas-available-for-salereport/1/201969.html
Rs 7,700 cr worth realty NPAs up for sale: Report
Indicating the worsening stress on the realty sector , an estimated Rs 7,700 crore worth of
commercial and residential properties loans are up for sale, according to an industry report.
Data compiled by NPAsource.com, a portal that focuses on resolution of stressed assets, shows
that there are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment funded by banks and other financial institutions and valued at over Rs
7,700 crore, which have turned NPAs and are on the block.
The portal has NPA data of properties worth around Rs 27,500 crore spread across 27,626 units.
Out of this, commercial NPA properties have a 15 per cent share in value term, while residential
properties constitute 13 per cent.
The lion's share of bad assets come from the industrial land and building category constituting
over 65 per cent share in value terms, the portal said.
Portal Chairman D K Jain said Maharashtra, largely due to Mumbai, tops both the commercial
and residential categories with Rs 842 crore and Rs 838 crore worth NPAs, respectively.
Delhi follows with Rs 686 crore worth of commercial NPAs and Rs 500 crore worth of residential
NPAs.
Andhra is at number three in residential properties with Rs 497 crore worth of NPAs up for sale
under. Tamil Nadu, Bengal and UP are the next three states with highest value of commercial
and residential NPA properties, he said.
Though Mumbai leads the space in realty NPAs, Delhi leads on the single-NPA front, with a New
Delhi office property, valued at Rs 200 crore at the base price turning bad and followed by a
farm-house in the Capital with a base value of Rs 40 crore.
Against this, the priciest two Mumbai properties pale in value with a base price value of Rs 26.5
crore and Rs 24.6 crore, respectively, said Jain.
"As NPAs in the corporate sector continue to grow, there will be more commercial and
residential properties coming up for auction. The slowdown in realty markets has further added
to the woes of the lenders who will not be able to generate higher returns by selling these
mortgaged properties," said Jain.
17. According to the half-yearly financial stability report of the RBI released on Tuesday, the gross
NPAs in the system are set to rise to 4.6 per cent by September 2014 from 4.2 per cent in
September 2013 or about Rs 2.29 trillion from Rs 1.67 trillion a year earlier.
The amount of recast loans touched an all-time high of Rs 4 trillion or 10.2 per cent of the
overall advances.
The report also warned that in case the economic conditions deteriorate, the same number will
be at the 7 per cent mark by March 2015.
The state-run banks will be the worst affected, the FSR said, pegging the GNPAs for public
sector banks to touch 4.9 per cent by March 2015, while the same for new private sector banks
will be 2.7 per cent.
If the restructured assets are added, the total stressed advances ratio rose to 10.2 per cent in
September 2013 from the 9.2 per cent in March 2013, the RBI said.
The report said though agriculture accounted for the highest GNPAs at 5.5 per cent as of the
quarter to September 2013, it is the industry with a GNPA of 4.9 per cent and 10.9 per cent of
restructured which is the main culprit.
18. MONEYLIFE
http://moneylife.in/article/commercial-residential-npa-properties-worth-rs7700-crore-up-forsale/35817.html
Commercial, residential NPA properties worth Rs7,700 crore
up for sale
Commercial and residential properties of non-performing assets (NPAs) with banks and
financial institutions worth an estimated Rs7,700 crore are up for sale across the country.
According to NPAsource.com, there are around 2,200 units in the commercial category and
nearly 11,000 units in the residential segment.
“As NPAs in the corporate sector continue to grow in the coming months, there will be more
commercial and residential properties which will be put under the auction block by banks and
financial institutions to recover their dues. A slowdown in the real estate markets across the
country has further added to the woes of the lenders who will not be able to generate higher
returns from the sale of mortgaged properties in the residential and commercial spaces. A
positive turnaround in the realty market as well as the Indian economy may take place around
May 2014 if a stable government is formed at the Centre,” said DK Jain, chairman and managing
director of Atishya Technologies Ltd, which owns NPAsource.com portal.
According to NPAsource.com, Maharashtra, largely due to Mumbai, tops both the commercial
and residential categories with Rs842 crore and Rs838 crore, respectively. Delhi comes next
with Rs686 crore worth of NPA commercial and Rs500 crore worth of NPA residential
properties. Andhra Pradesh comes at number three in the residential properties ranking with
Rs 497 crore worth of space up for sale under NPA properties to be auctioned by banks and
financial institutions. Tamil Nadu, West Bengal and Uttar Pradesh are the next three states with
highest value of commercial and residential NPA properties.
NPAsource.com said, the single largest commercial property in value terms is an office property
at New Delhi valued at Rs200 crore at the base price. In the residential category, the single
largest NPA property happens to a farm house at New Delhi with a base value of Rs40 crore.
Mumbai has two NPA commercial properties with a base price value of Rs26.5 crore and Rs24.6
crore, it added.
As on 31 March 2013, net NPAs of 40 listed banks were Rs93,109 crore, which rose to Rs1.29
lakh crore as on 30 September 2013. NPAsource.com has total NPA properties worth around
Rs27,500 crore registered on its portal spread across 27,626 units. Commercial NPA properties
have a 15% share in value term while residential properties have a 13% share. The biggest
chunk of NPA properties fall under the industrial land and building category with a 65% plus
share in value terms.
19. AFTERNOON DESPATCH & COURIER
http://www.afternoondc.in/business/rs-7700-crore-npa-properties-up-for-sale/article_99600
Rs 7700 Crore NPA Properties Up For Sale
An estimated Rs. 7700 crore worth of commercial and residential properties of non-performing
assets (NPAs) with banks and financial institutions are up for sale. According to data compiled
by NPAsource.com, a portal which focuses on resolution of stressed assets. There are around
2200 units in the commercial category and nearly 11,000 units in the residential segment.
NPAsource.com has total NPA properties worth around Rs 27,500 crore registered on its portal
spread across 27,626 units. Commercial NPA properties have a 15% share in value term while
residential properties have a 13% share. The biggest chunk of NPA properties fall under the
industrial land & building category with a 65% plus share in value terms.
DK Jain, Chairman & MD of Atishya Technologies Ltd, owner of the portal said, “Maharashtra,
largely due to Mumbai, tops both the commercial and residential categories with Rs 842 crore
and Rs 838 crore respectively. Delhi comes next with Rs 686 crore worth of NPA commercial
and Rs 500 crore worth of NPA residential properties. Andhra Pradesh comes at number three
in the residential properties ranking with Rs 497 crore worth of space up for sale under NPA
properties to be auctioned by banks and financial institutions. Tamil Nadu, West Bengal and
Uttar Pradesh are the next three states with highest value of commercial and residential NPA
properties.”
The single largest commercial property in value terms is an office property at New Delhi valued
at Rs 200 crore at the base price. In the residential category, the single largest NPA property
happens to a farm house at New Delhi with a base value of Rs 40 crore. Mumbai has two NPA
commercial properties with a base price value of Rs 26.5 crore and Rs 24.6 crore.
“As NPAs in the corporate sector continue to grow in the coming months, there will be more
commercial and residential properties which will be put under the auction block by banks and
financial institutions to recover their dues. A slowdown in the real estate markets across the
country has further added to the woes of the lenders who will not be able to generate higher
returns from the sale of mortgaged properties in the residential and commercial spaces. A
positive turnaround in the realty market as well as the Indian economy may take place around
May if a stable government is formed at the Centre,” said DK Jain.
As on March 31, 2013, net NPAs of 40 listed banks were Rs 93,109 crore, which rose to Rs
1,28,533 crore as on September 30, 2013.