SEBI Board
When the finance minister Arun Jaitley had launched the real estate investment trusts (REITs) in the budget, it had brought a lot of cheer to the real estate world. Now the government is busy clearing roadblocks forthe REITs and several real estate biggies like DLF, Tata Realty and Infrastructure, Prestige Group and Panchshil Realty are [...] Continue Reading »
RMZ Offices plans to raise $1.5 billion, or Rs 9,000 crore, through a real estate investment trust (REIT) either in Singapore or Mumbai. RMZ (corporate) vice-chairman Manoj Menda mentioned that the Bangalore based commercial office space landlord RMZ Offices has started work with the bankers to take its rent-yielding office buildings to the market within [...] Continue Reading »
The SEBI Board has approved the guidelines for Real Estate Investment Trust that had been announced in the Budget. A retail investor can invest Rs. 2 lakhs or more. The asset size will be Rs. 500 crore and networth of the fund should be Rs. 10 crore. There will also be some tax benefits also. [...] Continue Reading »
