Securities and Exchange Board of India
With new instruments like real estate and infrastructure investment trusts coming up, the Pension Fund Regulatory and Development Authority (PFRDA) has set up a panel of experts, headed by former Sebi chief GN Bajpai, to review investment norms for National Pension System (NPS) schemes for the private sector. PFRDA chairman RV Verma said that the [...] Continue Reading »
On Thursday, the total investment limits offered at an auction organised in Mumbai were Rs 3,117 crore (around $520 million) and FPIs (Foreign Portfolio Investors) were ready to pay premium as high as 8 bps. The Securities and Exchange Board of India (SEBI) auctions the investment limits in government bonds once foreign investors have exhausted [...] Continue Reading »
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 »
The Finance Minister Arun Jaitley was addressing the crowd at a realtors conclave organised by the National Real Estate Development Council in Mumbai on Wednesday. He mentioned in that conclave that his ministry will take into consideration all the possible steps to fulfil the agenda of the PM Narendra Modi’s plan to ensure housing for all [...] Continue Reading »
There are too many cases coming up lately where the developers have collected money from the citizens; however they do not own the land for which they have raised the funds. Another trend which is visible lately is that the real estate firms are raising funds from the retail investors, however are failing to register [...] Continue Reading »
The amount that PACL Limited has been ordered to return by the stock market regulator SEBI would be $8.1 billion or Rs 49,100 crore in deposits. The Securities and Exchange Board of India (SEBI) has asked PACL to return this sum to the investors within three months. PACL now plans to appeal to the Securities Appellate [...] Continue Reading »
REITs are not exactly the real estate equivalent of equity mutual funds. Dhirendra Kumar explains what they are and why they hold the promise of a regular, inflation-adjusted income. After being discussed for a few years, Real Estate Investment Trusts (REITs) are finally getting off the ground. In this year’s Budget, Finance Minister Arun Jaitley [...] Continue Reading »
REITs will offer financing as well as exit options to the developers and investors. It is expected that REITs will bring a lot of action in the real estate market. The go-ahead to the real estate investment trust by the Securities and Exchange Board of India (SEBI) will enhance the depth of the country’s commercial [...] Continue Reading »
Infrastructure Investment Trusts (InvITs) can invest in a project either directly or through special-purpose vehicles, the Securities and Exchange Board of India (Sebi) said on Sunday. However, in most of the cases of public-private partnership projects, such investments are only allowed through SPVs. The different sponsors of an InvIT need to collectively hold at least [...] Continue Reading »
REITs were announced with a lot of pomp and show during the union budget presented by the Finance Minister Arun Jaitley on July 10. HDFC Chairman Deepak Parekh has urged the Finance Ministry to come up with more clarification on the taxation front for the REITs to be successful. Parekh termed the budget announcement on [...] Continue Reading »
