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Builder Emaar MGF penalised for delay, deceptive practice

Real Estate builder Emaar MGF has been penalized by the National Consumer Disputes Redressal Commission for "deceptive practice" for "mischievously and cleverly" not giving a fixed delivery date before taking 11 lakhs from the customer for plot in Mohali.The Commission found that Emaar MGF had induced its customer to pay

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RBI guidelines on long-term infra bonds positive for banks – Moody’s

Rating agency Moody's said the Reserve Bank of India's new guidelines on exempting long-term from reserve requirements will allow banks to compete more effectively in the infrastructure loan market."The new regulations are also likely to foster an improvement of banks’ competitive positioning vis-à-vis housing finance companies and infrastructure finance companies,

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Potential housing bubble in Asia – Moody’s Analytics

Home prices could see correction in South East Asia, particularly if the rising trend continues for another couple of years, as capital has started leaving because of the tapering of the US Federal Reserve stimulus program, Moody's Analytics has warned.Moody's Analytics warned that prices are still rising sharply despite capital

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