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WeWork India leases four office assets in Mumbai, Bengaluru
economy
WeWork India leases four office assets in Mumbai, Bengaluru

MUMBAI: New York-headquartered collaborative workspace major WeWork’s India arm has picked up 0.5 million sq ft office space in one of the largest deals by a co-working company. The space was leased across four locations in two major property markets of Mumbai Metropolitan Region and Bangalore pushing its total portfolio to nearly 2 million sq…

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Piramal Enterprises ‘refutes baseless rumours’ on loan defaults by realty players
economy
Piramal Enterprises ‘refutes baseless rumours’ on loan defaults by realty players

NEW DELHI: Piramal EnterprisesDevelopers like Lodha, Omkar, Vatika and Embassy referred to in the rumours are part of the lending portfolio but have never defaulted on any interest or repayment obligation to PEL/PCHFL, it said said. “Among others the rumours relate to loan defaults to PEL/Piramal Capital & Housing Finance Limited (PCHFL) by real estate…

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NBFCs liquidity crunch to hit home loan sales: report
news
NBFCs liquidity crunch to hit home loan sales: report

MUMBAI: The ongoing liquidity squeeze will slow down non-banks home loan disbursements, a report has said. Home prices, which have witnessed a relative slowdown in growth, will continue to be under pressure, Japanese brokerage Nomura has said. “Housing loan disbursement by shadow banking companies is set to slow down due to the ongoing liquidity squeeze,”…

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