Real Estate Loans: The real estate sector is growing across segments said property analysts. Top seven property markets in the country registered total sales of 74,486 apartments during the quarter.
Bank loans to commercial real estate, including residential construction, nearly tripled last fiscal year at 23 percent, amounting to Rs 3.97 lakh crore. If the impact of the merger of HDFC with HDFC Bank is included, the loan growth increases to 38.9 percent, with outstanding loans reaching Rs 4.48 lakh crore as of March 31. Property analysts note growth across segments, with the top seven property markets witnessing total sales of 74,486 apartments in the quarter, following a record-breaking quarter in December.
Alvarez & Marsal appoints Mideast MD
NEW YORK, 7 days ago Alvarez & Marsal (A&M), a leading global professional services firm has appointed Ali Anwar as a Managing Director and Middle East Practice Leader of A&M s Global Transaction Advisory Group based in Dubai, UAE. “The Middle East, particularly the Kingdom of Saudi Arabia and the UAE, is embracing a diversified economic outlook along with visionary advancements to legal and regulatory frameworks. This scenario increases the need for independent advisory services, driving our strong business growth in the region,” said Tony Alvarez III, Managing Director and leader of A&M’s European and Middle East practices.
Alvarez & Marsal appoints Mideast MD
NEW YORK, 2 hours, 6 minutes ago Alvarez & Marsal (A&M), a leading global professional services firm has appointed Ali Anwar as a Managing Director and Middle East Practice Leader of A&M s Global Transaction Advisory Group based in Dubai, UAE. “The Middle East, particularly the Kingdom of Saudi Arabia and the UAE, is embracing a diversified economic outlook along with visionary advancements to legal and regulatory frameworks. This scenario increases the need for independent advisory services, driving our strong business growth in the region,” said Tony Alvarez III, Managing Director and leader of A&M’s European and Middle East practices.