Arun Jaitley
With new instruments like real estate and infrastructure investment trusts coming up, the Pension Fund Regulatory and Development Authority (PFRDA) has set up a panel of experts, headed by former Sebi chief GN Bajpai, to review investment norms for National Pension System (NPS) schemes for the private sector. PFRDA chairman RV Verma said that the [...] Continue Reading »
Honourable finance Minister Arun Jaitley had introduced FDI in real estate during the maiden budget presented on July 10, 2014 and the contours of the guidelines were finalised in the last few months. It seems that it was a successful move as many countries are already investing in the infrastructure and real estate in India. [...] Continue Reading »
Dubai-based Emke Group is set to roll out Rs 700-crore investments in IT and logistics infrastructure in Kerala this year.They had already invested Rs 1,200-crore in Lulu mall in Kochi, and this is their second investment in India. This clearly shows that the real estate foreign investments are increasing and Arun Jaitley FDI plans are taking [...] Continue Reading »
Even though the amendments came to force recently in the land acquisition law which was passed by the erstwhile UPA government, the criticism of the new law that has practically stalled all land acquisitions continues. Congress-ruled states have petitioned the new Narendra Modi government to make changes in the law and Nitin Gadkari had spoken to [...] Continue Reading »
Narendra Modi has made a conscious decision to give commerce minister Nirmala Sitharaman a foot in the finance ministry as well for a reason. The main reason is to try and make sure that bitter turf wars that have existed in between the two sides could be resolved to the mutual benefit of all concerned. [...] Continue Reading »
It is speculated that the revenue department will ask the builders to pay taxes on their unsold stock of ready houses as per a proposal that is under consideration. If that happens then the housing prices are expected to fall as the developers will try to sell off their properties and reduce their inventories. The income [...] Continue Reading »
Kalraj Mishra, the new minister for micro small & medium enterprises (MSMEs) mentioned that the Ministry is working on sweetening the bankruptcy pill for the sick units. The government is working on developing a bankruptcy framework to offer easier exit routes to the sick companies while helping to revive those with viable options. It is [...] Continue Reading »
India is laying the groundwork in order to make the real estate investment trusts tax-exempt and allow them to trade on the public exchanges, a move that may help unlock as much as $20 billion of listings. Regulations on taxation will be also be amended, finance minister Arun Jaitley said on 10 July, and 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 »
While the fine print yet to be figured out, estimates of around $10 billion or more of foreign funds could flow into Real Estate Investment Trusts (REITs) over the next few years appear somewhat far-fetched at this juncture. In order to be sure, there could be a thriving market in REITs one day but given [...] Continue Reading »
