Sebi regulations
When the Finance Minister Arun Jaitley presented his maiden budget on July 10 this year, there was a lot of expectation in the real estate and infrastructure sector as they were hoping that the new government will take measures to give a boost to these ailing sectors. This year’s budget saw the amendments enacted in [...] Continue Reading »
Real Estate Investment Trusts (REITs) are expected to raise a whopping $10 billion this fiscal itself after it was launched in the maiden budget presented on July 10. They are expected to provide relief to the real estate industry which has been reeling under the liquidity crunch for the last few years. REITs would get [...] Continue Reading »
The Securities and Exchange Board of India (SEBI) has requested the government to provide a clear picture on tax benefits for the latest products like REITs (Real Estate Investment Trusts) and Infrastructure Investment Trusts. This is expected to boost the capital markets. Regulator SEBI is soon to finalise the norms for REITs once there is [...] Continue Reading »
According to the Securities and Exchange Board of India (Sebi), Puravankara Projects commercial real estate scheme does not fall under the collective investment scheme (CIS) category because the scheme did not involve any offer for pooling of funds for assured returns. Sebi’s viewpoint on the commercial real estate scheme floated by Puravankara Projects comes in [...] Continue Reading »
The property developer Vijay Shanthi Builders Ltd has now decided to raise Rupees 65 crore through Non-Convertible Debuntures from the IDFC real estate fund. The ability to raise funds has been crippled because of the sluggish growth in the economy. Companies which have faced this dilemma are the banks, the financial institutions which have been [...] Continue Reading »
Small builders that have been facing funds crunch for many months now on the backdrop of slowdown in real estate market. They are banking on capital market regulator Securities and exchange board of India’s (Sebi) new Alternative Investment Funds regulations to ease access to money. Over the past several months, banks have cut down on [...] Continue Reading »
