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The Ruias sell their bungalow for Rs 100 crore

The Ruias sell their bungalow for Rs 100 crore
The Ruias who are the promoters of the Essar group have sold their bungalow in the Jor Bagh area or Delhi for about Rs 100 crore to the Supreme Court lawyer Rohit Tandon. This reflects the revival in the real estate activity in the much coveted part of the capital which also follows the advent [...] Continue Reading »

SEBI to declare the norms for REITs and InvITs next month

SEBI to declare the norms for REITs and InvITs next month
SEBI chairman UK Sinha on Thursday mentioned that the market regulator Securities and Exchange Board of India (SEBI) will unveil the detailed guidelines on Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) next month. SEBI has also taken steps to safeguard the interests of the shareholders. Sinha also stated that SEBI would also [...] Continue Reading »

BSNL to lease property and towers: Raise money for operations

BSNL to lease property and towers: Raise money for operations
The telecom department explores ways to resurrect the loss-making telecom company BSNL and help it meet capex costs. Bharat Sanchar Nigam plans to raise nearly Rs 6,000 crore of fresh resources by monetizing property holdings and sharing/leasing its 73,000-odd mobile towers. The state-run telco also proposes to boost cash flows by targeting 45 % revenue [...] Continue Reading »

Gujarat government to implement PPP model for construction of roads in rural sector

Gujarat government to implement PPP model for construction of roads in rural sector
Gujarat government has been in newsflash for its several ambitious projects. The idea to connect each village of the state with a road network is one of such aspiring schemes. The government has decided to indulge non-government organisations for funding of these schemes/projects. Nitin Patel, Gujarat State Road and Building Minister announced the agenda during [...] Continue Reading »

Toonz Retail targets to set up 200 stores in next five years

Toonz Retail targets to set up 200 stores in next five years
According to Toonz Retail India’s Managing Director and CEO Sharad Venkta, the company – which is a one-stop shop for children aged up to 12 years – has efforts underway to set up 200 stores in the country over the next five-year period. At least 10 of the 200 stores which Toonz retail plans to [...] Continue Reading »

Buy homes online

Buy homes online
The surge of online portals to buy various fashion accessories, consumer durable goods, groceries, jewellery etc. saw a positive curve in the last few years. It looks like that the real estate developers have taken a cue from it and now are offering services to buy properties online. Until recently, the real estate portals were [...] Continue Reading »

Singapore to invest in Indian Real Estate

Singapore to invest in Indian Real Estate
Abhijit Ghosh a partner at PricewaterhouseCoopers (PwC) stated that the Singapore investors should capitalise on the benefits announced in the budget for India’s real estate sector. Ghosh is an expert in this field and stated that the Singapore companies will be in an advantageous position if they decide to invest and lend to the Indian [...] Continue Reading »

Infrastructure companies in a debt reducing spree

Infrastructure companies in a debt reducing spree
Indian companies, especially those engaged in infrastructure development of the country, have been busy reducing their debt burden. Many companies have sold off their assets to clear off debts as this has helped them in cleaning up their balance sheets. This has resulted in the improvement of the debt-equity ratios of the companies. The banks have [...] Continue Reading »

Airport Express Metro Line fare to reduce in Delhi

Airport Express Metro Line fare to reduce in Delhi
After operating the Airport Express Metro Line for a long time since the past one year, the Delhi Metro Rail Corporation last day has made a decision to reduce the level of passenger fares for up to 40 percent. The new rate of passenger fare will be levied from the 24th of July. As stated [...] Continue Reading »

27 SEZs request government to offer them more time for projects

27 SEZs request government to offer them more time for projects
27 SEZ developers like DLF Info Park, Navi Mumbai SEZ and Gulf Oil Corp has asked for special requests from the government to give them more time to finish their projects. The other companies who have asked for time from the government are Indiabulls Industrial Infrastructure, Pasvnath Infra, Electronics Corporation of Tamil Nadu and the [...] Continue Reading »



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