real estate investment trust
Air India Ltd, India’s state-owned airline, is considering spinning off its real estate assets into a real estate investment trust (REIT) and lists it on the stock exchanges in a move that could give the company significant tax breaks and also improve its finances. Air India has 800 properties at prime locations around the world; [...] Continue Reading »
After having raised its first fund of Rs 200 crore last year, the Segregated Funds Group (SFG) – the private-equity firm promoted by real estate consulting company JLL India – is apparently contemplating a Rs 100-crore investment, in residential projects, from the fund this year. SFG is chiefly focused on investments in small realty projects. Along with mulling a [...] Continue Reading »
The country is very hopeful after the new government led by Narendra Modi took oath at the center. However in the first 100 days; the new government has little to show in terms of on-the-ground development. Though the good news is that, there is a distinct mood change in Corporate India. We have reasons to rejoice as [...] Continue Reading »
A big news in the real estate market is that global private equity firm Blackstone Group LLP is close to buying 50 % stake in Embassy Services Pvt. Ltd. This is the property management arm of Embassy Property Developments Pvt. Ltd and the deal is expected to be closed at Rs.400 crore. The transaction will [...] Continue Reading »
The budget was a watershed for real estate. After years of regressive state and central regulations contributing to the stagnation of the sector, finally there was positive regulation in the form of real estate investment trusts (REITs) being opened up after almost six years since the first draft of the guidelines were released in 2008. [...] Continue Reading »
In its recently issued final guidelines for Real Estate Investment Trusts (REITs), the Securities and Exchange Board of India (Sebi) has pegged the minimum investment in REITs at Rs 2 lakh. The new guidelines imply that an investor with an amount of Rs 2 lakh to invest in the REITs will now be able to [...] Continue Reading »
The market regulator which is SEBI has sought the clarifications that are needed on the proposed Rs. 750-crore initial public offer (IPO) of construction major HCC’s realty arm Lavasa Corporation. Without disclosing the details of clarifications sought, SEBI has said that the clarifications are still awaited from lead manager for the proposed public issue. As [...] Continue Reading »
Property market experts have welcomed the Securities and Exchange Board of India’s (Sebi) green signal to set up real estate investment trusts (REITs). It will fund builders constructing commercial properties. The REITs being given a go ahead by Sebi will enhance the depth of the country’s commercial market which will offer financing as well as [...] Continue Reading »
Post a month after Finance Minister Arun Jaitley in his budget speech 2014-15 announced that the government would provide the necessary tax incentives to Real Estate Investment Trusts (REITs), the board of the Securities and Exchange Board of India on Sunday cleared the final guidelines for setting up REITs and Infrastructure Investment Trusts (InvITs) and [...] Continue Reading »
While some of the realty firms, backed by private equity (PE) support, gear up towards consolidating their rental portfolios and listing a real estate investment trust (REIT), top developers and real estate funds are cautious and measured in their plans. Even the full clarity on taxation issues for REIT listings is yet to emerge, developers [...] Continue Reading »
