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Current Feed Content from 26 Oct 08 09:41

• Real estate developers disappointed over credit policy

  Sat, 25 Oct 2008 10:14:15 +0000
  Source: http://economictimes.indiatimes.com NEW DELHI: Real estate developers and consultants expressed disappointment over the RBI’s credit policy announced today and has asked the apex bank t o infuse more liquidity into the system and to the property sector. “It’s disappointing but understandable, ” global real estate consultant Cushman and Wakefield Managing Director (South Asia) Sanjay Verma said. He [...]

• SEZ activities to get infrastructure status

  Sat, 25 Oct 2008 09:12:17 +0000
  Source:http://www.financialexpress.com In a big boost to the development of special economic zones (SEZ) in the country, the government on Friday decided to accord infrastructure status to all activities concerning these tax-free enclaves, except purchase of land. The coveted ‘infrastructure’ status would help SEZs raise loans at cheaper rates from domestic banks. An empowered group of ministers [...]

• IL&FS fund buys 30% in JB Pharma SEZ

  Fri, 24 Oct 2008 11:32:28 +0000
  Source: http://economictimes.indiatimes.com IL&FS Realty Fund, a private equity fund managed by Infrastructure Leasing and Financial Services (IL&FS), has picked up 30% stake in JB Pharma SEZ for $15 million (Rs 75 crore). Two nationalised banks — State Bank of India (SBI) and State Bank of Mysore — have financed the Rs 84 crore debt to [...]

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