Realty News
A funding amount of Rs 700 crore will apparently be raised by Private equity (PE) investor Milestone Capital Advisors Ltd this year. The planned funding will be raised from domestic investors and will be invested in the realty sector. The proposed fund size has been increased by Milestone from Rs 500 crore – an amount [...] Continue Reading »
The Reserve Bank of India (RBI) apparently has plans underway to relax the restrictions under the Foreign Exchange Management Act (FEMA); in an apparent attempt to enable non-resident Indians (NRIs) to purchase property in India jointly with their spouse holding foreign passports. RBI executive director G Padmanabhan has called for a review of the existing rules [...] Continue Reading »
The Union Government’s Mission of Low-Cost Affordable Housing aims to support the construction of residential units for 7 crore families. For the actualization of the new scheme, the Government plans to make loans available at lower rates of interest. The Government is hopeful that the interest rates for realty developers will decline, due to the [...] Continue Reading »
An annual study carried out by consulting firm Brand Finance India has revealed that the Tata Group has retained its top-ranking position as India’s most valuable brand, with a total brand value of $21 billion. Revealing that the total worth of top-100 Indian brands has now touched $92.6 billion, the study has disclosed that the [...] Continue Reading »
The Securities and Exchange Board of India (Sebi) said on Sunday, August 10, that Infrastructure Investment Trusts (InvITs) can make investments in a project either directly or through special-purpose vehicles (SPVs). However, the Sebi guidelines for InvIT investments in projects clearly specify that, in case of public-private partnership (PPP) projects, investments can be made by [...] Continue Reading »
According to the findings of a study carried out by Assocham, crucial manufacturing projects have had to deal with cost overruns of Rs 4.5 lakh crore, as of FY 2013-14, because of delays in the roll out of the projects. As per the study, the delays in the roll-out of manufacturing projects are generally caused [...] Continue Reading »
An amazing and amusing new TV campaign – dubbed ‘No Darr Find Ghar’ – has recently been launched by real estate and apartment management portal Commonfloor.com. The campaign has been conceptualised by JWT. The entertaining narrative is based on a comic 1980s Hindi movie horror movie, and it essentially aims at helping people overcome the [...] Continue Reading »
On August 10, Securities and Exchange Board of India (Sebi) – India’s capital market regulator – gave a long-pending go-ahead to a proposal underscoring the launch of Real Estate Investment Trusts (REITs). The approval to REITs by the Sebi board unfolds an opportunity for cash-strapped developers to gain easy access to funds for completing their [...] Continue Reading »
Different fashion labels, travel operators, real estate developers, infrastructure developers and other companies that had chose to avoid tapping investors for around three years are starting to revive share sale plans in order to benefit from the buoyant equity markets and gain advantage. The companies are expecting an economic upturn and hence they have made [...] Continue Reading »
The Tata Value Homes which is a 100 percent subsidiary of the Tata Housing Development Company announced the launch of online booking for the its personal projects in the Bangalore and Chennai belt. According to a statement of an official, a customer can book a house online at its New Haven project in Bangalore just [...] Continue Reading »
