Realty News
REITs are investment trusts that own and, in most cases, even operate income-producing real estate. The trusts operate like mutual funds and invest in income-generating real estate assets like commercial realty, residential property, warehouses, hospitals, hotels and shopping centres So, while mutual funds invest in equities or bonds, REITs invest in real estate and make [...] Continue Reading »
Indian real estate is now at a stage of evolution wherein integrated townships are no longer just an option but they are a dire necessity. With a number of India’s large developers now developing these futuristic mini cities, townships are rapidly becoming the most significant model of property development in the foreseeable future. The urban [...] Continue Reading »
REITs are not exactly the real estate equivalent of equity mutual funds. Dhirendra Kumar explains what they are and why they hold the promise of a regular, inflation-adjusted income. After being discussed for a few years, Real Estate Investment Trusts (REITs) are finally getting off the ground. In this year’s Budget, Finance Minister Arun Jaitley [...] Continue Reading »
Apparently there was an alleged land deal between Tata Realty and Unitech in 2007 which was supposed to fund the latter’s telecom project. The Supreme Court has been informed about the probe that was being conducted to ascertain the actual purpose of the land deal. Hence the CBI has registered a preliminary enquiry to probe [...] Continue Reading »
The West Bengal Government is planning to exit the joint sector real estate ventures or special purpose vehicles that it had once set up. According to Alapan Bandhopadhyay, Principal Secretary, State Housing and Transport Department, these joint ventures will not be the mainstay of the housing department. The joint sectors that they have set up [...] Continue Reading »
You don’t need deep pockets for investing in property. REITs will allow middle-class investors to participate in the real estate market. With Sebi issuing final guidelines for real estate investment trusts (REITs), you will soon be able to get a piece of the action in the property market with as little as Rs 2 lakh. [...] Continue Reading »
Dubai’s real estate sector has seen some good investments from the wealthy Indians. Indians have been ranked first among the foreign investors in Dubai’s real estate sector, making a total of 4,417 transactions worth nearly USD 3 billion in the first half of the year. An official report has come up with this data. Indians, [...] Continue Reading »
There is some good news for the Infrastructure projects. The sector was reeling under the slowdown and the banks had declared many loans to such projects as bad debts. Infrastructure companies may take advantage of a small window of opportunity offered by the Reserve Bank of India (RBI) to refinance at least Rs 30,000 crore [...] Continue Reading »
A public interest litigation (PIL) was filed by the villagers of Luni village of Mundra taluk in Kutch district. They were protesting against gauchar (grazing) land given to the Adani Group for its Special Economic Zone. The Gujarat High Court on Thursday disposed of this case. During the pendency of the application, filed in 2011, the [...] Continue Reading »
REITs will offer financing as well as exit options to the developers and investors. It is expected that REITs will bring a lot of action in the real estate market. The go-ahead to the real estate investment trust by the Securities and Exchange Board of India (SEBI) will enhance the depth of the country’s commercial [...] Continue Reading »
