Realty News
The Finance Ministry is mulling an option of allowing the long-term funds from such funding institutions to help housing finance companies (HFCs) overcome the asset liability mis-matches. These funds can be channelized to the housing sector either by allowing them to lend to HFCs, or permitting them to invest in Residential Mortgage Backed Securities (RMBS) [...] Continue Reading »
Kerala is doing its bit to attract private players to partner in the implementation of 100 urban projects. Most of the projects listed are situated in urban centres, Manjalamkuzhi Ali, Minister for Urban Affairs, said. Some of them are development of Sakhthan Nagar in Thrissur (Rs 700 crore); Palayam (Rs 865.6 crore) and Big Bazar [...] Continue Reading »
The real estate developers have sought tax breaks from the Government for home buyers and builders to boost up boost sales as well as speed up new launches. They are voicing their opinions on seeking both industry and infrastructure status for themselves and an enhancement in the tax break given to home buyers on the [...] Continue Reading »
The Hyderabad-based road developer, Madhucon Projects Ltd, plans to sell at least 74% stake in Madhucon Agra–Jaipur Expressways Ltd to IDFC Alternatives Ltd, the private equity (PE) arm of IDFC Ltd. Madhucon Agra-Jaipur Expressways runs the along National Highway (NH) 11 and connects NH 8 with NH 2, which are part of the Golden Quadrilateral. The expressway [...] Continue Reading »
More than 600 leading builders from India have gathered in Dubai to explore new business and investment opportunities as part of a three-day event held for the first time outside India. The Builders Association of India (BAI), the apex body of the Indian construction industry, has flown in about 1,000 delegates representing hundreds of leading [...] Continue Reading »
US-based hedge Capri Capital Partners plans to raise about $400 million to launch its first India-dedicated real estate private equity fund. Capri Capital has $3.7 billion assets under management and advises pension funds and institutional investors globally. The firm is looking to raise the fund through its India arm, Capri Global Capital, after the upcoming general [...] Continue Reading »
Property consultant CBRE predict that land prices in Gurgaon and Noida may fall as 70,000 acre is likely to be available in Delhi due to DDA’s new land pooling policy. Delhi Development Authority (DDA) has recently passed land pooling policy, according to which, private developers can privately acquire land from landowners/farmers willing to participate in [...] Continue Reading »
Tata housing is going to offer four to five villas built in 1.3 acres at 2, Haily Road for Rs. 130 to Rs. 170 crores. This is indeed the most expansive offering from Tata Housing. The timeline is still not certain as the construction has not yet begun. As of now, an old mansion stands [...] Continue Reading »
Hinduja Group today said it would invest a billion dollars (about Rs 6,200 crore) across sectors like real estate and media in the country. He told reporters here on the sidelines of Auto India, “We are looking for various opportunities. Recession is the time when you can break opportunities to invest.” He further added, “We [...] Continue Reading »
Capri Capital Partners, which advises pension funds and institutional investors globally, is going to launch its first India-dedicated real estate private equity fund. It plans to raise about $400 million. It is a listed non-deposit accepting systemically important non-banking finance company (NBFCs-ND-SI) focused on wholesale, small and micro enterprise lending. The focus the fund will [...] Continue Reading »
