Realty News
Post a month after Finance Minister Arun Jaitley in his budget speech 2014-15 announced that the government would provide the necessary tax incentives to Real Estate Investment Trusts (REITs), the board of the Securities and Exchange Board of India on Sunday cleared the final guidelines for setting up REITs and Infrastructure Investment Trusts (InvITs) and [...] Continue Reading »
While some of the realty firms, backed by private equity (PE) support, gear up towards consolidating their rental portfolios and listing a real estate investment trust (REIT), top developers and real estate funds are cautious and measured in their plans. Even the full clarity on taxation issues for REIT listings is yet to emerge, developers [...] Continue Reading »
The India Inc may not readily jump onto the REITs/InvITs bandwagon and take up the role of sponsors of such trust vehicles with gusto. This is due to the fact that the sponsors will not get any long-term capital gains tax exemption when they decide to sell the units received by them from the REIT/InvIT [...] Continue Reading »
Firms create dedicated teams & hire experts to lead exploratory work for these trusts. The investment banks and law firms have created dedicated teams to lead their exploratory work on Real Estate Investment Trusts (REITs) as they seek to cash in on the growing appetite from real estate developers, big corporate and state-run banks to [...] Continue Reading »
Post the Modinomics wave, the ailing infrastructure sector is reviving. The infrastructure sector, which saw acquisition and fund-raising deals in the last three months after a three-year lull, is getting ready for a boost. It is poised for a flurry of deals that will revive stranded projects and help the sector to bounce back in 2015. [...] Continue Reading »
If you have an amount of Rs 2 lakh to invest, your bank may roll out a red carpet, your stockbroker may inundate you with hot tips and the friendly neighbourhood jeweller may even offer a discount on making charges. However, you will probably get laughed out of the estate agent’s office. Not anymore. With [...] Continue Reading »
The Centre should refrain from restoring tax benefits to units in Special Economic Zones (SEZs) and developers of these enclaves that were withdrawn in the 2011-12 Budget. SEZ units and developers now incur a 20 percent minimum alternate tax (MAT) on their book profits. In addition, there is a 15 percent dividend distribution tax (DDT) [...] Continue Reading »
The first ever Trump project in Mumbai – the Trump Tower Mumbai – was recently unveiled by bigwig American businessman Donald J. Trump, who is the Chairman and President of Trump Organization. For the project, Trump has collaborated with India’s leading luxury realty developer, the Lodha Group. Unveiling the Trump Tower Mumbai, Donald Trump said [...] Continue Reading »
Adani Township and Real Estate Company Private Limited has efforts underway – in partnership with Age Ventures India – to build world-class retirement homes within its currently-under-development Shantigram township in Ahmedabad, Gujarat. The retirement homes being planned by the Adani Group will be Senior Citizen Living/Assisted Living/Retirement Homes, which will be developed within the complex [...] Continue Reading »
According to real estate developers in Kolkata, the prospects of the realty market in many localities of the city have witnessed a substantial improvement of late, thanks largely to the upcoming Kolkata Metro project. As per the market-trend watchers, one of the several Kolkata localities which are apparently benefitting from the Metro project is Madurdaha. [...] Continue Reading »
