Realty News
Ever since the lofty debacle of gold in 2013, it has barely revived. Last year, gold lost about 28.3 per cent in terms of dollars while 18.7 per cent in terms of rupee. At the beginning of 2014, gold further made a loss of 3.8 per cent in rupees and 3.6 per cent in dollars. [...] Continue Reading »
Japanese real estate giant Tama Home is all set to enter the Indian real estate market as the company announced its plans to develop 18 projects in the near future. Tama Home is likely to team up with Singapore based Developer group, which is a 100% FDI company active in the Indian real estate segment. [...] Continue Reading »
Now Delhiites can get their properties converted from leasehold to freehold even without a sanctioned building plan. The same can now be achieved through a copy of house tax assessment order or proof of permanent electricity connection. The Delhi Development Authority (DDA) on Wednesday passed this order in a bid to clear around 1,000 such [...] Continue Reading »
The country is likely to see high growth in the job market as 70 percent employers plan to expand their team, a recent survey said. India’s business market is currently primed for expansion, with the recruitment market being driven by significant industry sectors such as FMCG, retail, healthcare, manufacturing and real estate. About 70 percent [...] Continue Reading »
India Infoline Finance Ltd, the non-banking finance company (NBFC) of financial services firm IIFL Holdings Ltd, has closed three back-to-back real estate investments in projects in Mumbai, said people familiar with the development. India Infoline Finance has put in around Rs 260 crore across these three deals primarily in the form of loans to developers, [...] Continue Reading »
Suchirindia, the real estate, hospitality and Infrastructure Company, is set to commission a budget hotel in the city before the end of the year and Club Republic, the latter positioned as a music-cum-entertainment zone. Y. Kiron, CEO and MD of Suchirindia, said the company is again getting back to mainstream real estate later a prolonged [...] Continue Reading »
Large FDI providers in real estate have approached the finance ministry seeking tax changes to the current framework for Indian real estate investment trusts (REITs). The recently unveiled structure reduces cash in the hands of shareholders by almost one-fifth compared to a listing in Singapore, they told the government officials in recent meetings. REITs allow [...] Continue Reading »
Private equity player Milestone Capital is hoping to raise Rs. 500 crore in its 10th fund. They launched this fund keeping in mind that they will invest the money which will be raised through them in the mid-segment residential real estate. Tata Investment Corporation is the anchor investor in this fund which is named as [...] Continue Reading »
After having made investments in average capital value appreciations in the past, Infosys co-founder NR Narayana Murthy’s family office Catamaran Ventures – which manages a portion of Murthy’s wealth – has now made investments is the realty sector. According to the details shared by unidentified sources familiar with the development, Catamaran Ventures has forayed into [...] Continue Reading »
The growth in the output of eight core sector industries – with a combined weight of 38 percent in the Index of Industrial Production (IIP) – slowed to 2.7 percent in July from 5.3 percent in the same month last year. The data released by the ministry of commerce on Monday showed the slower pace [...] Continue Reading »
