Realty News
RMZ Offices plans to raise $1.5 billion, or Rs 9,000 crore, through a real estate investment trust (REIT) either in Singapore or Mumbai. RMZ (corporate) vice-chairman Manoj Menda mentioned that the Bangalore based commercial office space landlord RMZ Offices has started work with the bankers to take its rent-yielding office buildings to the market within [...] Continue Reading »
REITs were announced with a lot of pomp and show during the union budget presented by the Finance Minister Arun Jaitley on July 10. HDFC Chairman Deepak Parekh has urged the Finance Ministry to come up with more clarification on the taxation front for the REITs to be successful. Parekh termed the budget announcement on [...] Continue Reading »
The SEBI Board has approved the guidelines for Real Estate Investment Trust that had been announced in the Budget. A retail investor can invest Rs. 2 lakhs or more. The asset size will be Rs. 500 crore and networth of the fund should be Rs. 10 crore. There will also be some tax benefits also. [...] Continue Reading »
As the realty business is getting more organized and professional, consumers too are now becoming more aware of the New Age technological advancements. After having understood the benefits of living in a green, eco-friendly, and environmentally-sustainable space buyers and corporate occupiers are now showing their preference for green projects. There are a number of development [...] Continue Reading »
The Modi government likely seems to be facing a tough task in order to fulfill its promise of “housing for all by 2022“, considering the track record of different government programmes in the recent years. In the past three years, little over 2.2 lakh houses were built in urban areas under different programmes such as [...] Continue Reading »
The Comptroller and Auditor General of India have rapped the Ministry of External Affairs for inefficient management of its properties across the world that has cost the exchequer several crores. Criticising the ‘Global Estate Management’ by the MEA, the CAG, in its latest report, the Auditor general said, that the properties that were purchased or [...] Continue Reading »
Mamata Banerjee the chief minister of West Bengal might have led a hostile movement forcing Tata Motors to relocate its Nano project from Singur; but if her government has its way on the Right to Fair Compensation and Transparency in Rehabilitation and Resettlement Act 2013, the farmers of Singur whose land was acquired by the [...] Continue Reading »
The present government has been weighing options of announcing “big ticket“projects on three key dates including August 15, which marks Independence Day. Government officials said the other two dates during which the government may kick off some of the projects include completion of 100 days of the NDA coalition and September 25, the birthday of [...] Continue Reading »
Prime Minister Narendra Modi’s government may have just announced the development of 100 new smart cities in its first budget last month, but the Gujarat government has already started preparing a new policy framework and roadmap for developing existing cities into smart cities. It has planned a major brainstorming seminar in October when national and [...] Continue Reading »
Since more than a year after residents took over the 336 multi-storey flats in Mukherjee Nagar, there was no water, electricity, parks or roads in the complex. The lifts also did not work initially. Residents just had access to bare shells for apartments and their keys. The Signature View Towers as the flats are called, [...] Continue Reading »
