Realty News
Century Real Estate Venture – the investment arm of Bangalore-based property developer Century Real Estate Holdings – has efforts underway to raise Rs. 350 crore for developing residential projects. Towards that end, the company is currently in discussions with Indiareit Fund Advisors. According to an unidentified source familiar with the matter, Century Real Estate Venture [...] Continue Reading »
According to a recently-released Assocham study, the roll-out of key manufacturing projects is hit by estimated cost overrun of a staggering Rs 4.5 lakh crore, as of FY 2013-14, because of delays in land acquisition, funding constraints, and lack of prompt clearances. The study also observed that, along with the mentioned reasons for the delays [...] Continue Reading »
Tata Group chairman Cyrus Mistry and Piramal Group head Ajay Piramal are reportedly in talks to work out a partnership for the infrastructure business in India; thereby exploiting the infrastructure opportunity unfolded by the Narendra Modi government. Sources familiar with the ongoing talks between Mistry and Piramal have revealed that the two corporate biggies recently [...] Continue Reading »
The Information Technology Park (IT Park) initiated by the Kolhapur Municipal Corporation (KMC) will finally be set up; thanks to the approval to the project by the corporators from Temblaiwadi area. The ago-ahead by the corporators removes the biggest obstacle in the way of setting up the first-ever IT Park in Kolhapur city. To make [...] Continue Reading »
The Sebi board has recently cleared new norms for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Sebi Chairman U K Sinha has said in a recent statement that, under the new norms, entities with at least Rs 2 lakh investment will be able to benefit from returns from completed realty projects. With [...] Continue Reading »
SEBI is looking forward to finalise norms for the real estate or infrastructure investment trusts because of its upcoming board meeting which is going to be held in New Delhi on the 9th of August. This will be making the way for such entities so that they can list on the exchanges in what could [...] Continue Reading »
REITs (Real Estate Investment Trusts) were introduced in the budget session this year by finance minister Arun Jaitley. It will allow us to own a small part of every piece of property we walk into, be it the restaurant down the street, a friend’s flat or our office buildings. On top of that about 90 [...] Continue Reading »
The Modi government is trying hard to revive the real estate, infrastructure, manufacturing and all other sectors in India. In order to revive the real estate sector last month, the newly elected Union government unveiled a series of structural reforms. These recognize the need to provide alternative sources of funding to the real estate sector. [...] Continue Reading »
The final guidelines for REITs (Real Estate investment Trusts) was announced by the capital markets regulator SEBI (Securities and Exchange Board of India) on Sunday. The property players were given enough room to float and these guidelines also built-in adequate safeguards for the investors. The minimum size of assets that a REIT must have, to [...] Continue Reading »
When the finance minister Arun Jaitley had launched the real estate investment trusts (REITs) in the budget, it had brought a lot of cheer to the real estate world. Now the government is busy clearing roadblocks forthe REITs and several real estate biggies like DLF, Tata Realty and Infrastructure, Prestige Group and Panchshil Realty are [...] Continue Reading »
