The cloud on real estate mutual funds (REMF) has lifted. The finance ministry has brushed aside RBI’s concerns of REMFs violating foreign direct investment (FDI) norms in the realty sector. North Block has said the central bank’s concern stating that REMF scheme notified by Sebi in April contradicted FDI norms was unwarranted.
The finance ministry view [...]
Before the globally-popular real estate mutual funds (REMF) take off here, RBI has raised a red flag. It has argued that the funds would lead to circumvention of foreign direct investment (FDI) in real estate that places limitations on foreign investors.
By manish
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Posted in Real Estate News
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Also tagged Estate Assets, FDI, Finance Ministry, Foreign Direct Investment, Foreign Investment Promotion Board, Foreign Investors, Investment Promotion Board, Market Regulator, Mortgage, Net Assets, Real Estate Sector, Sebi Guidelines
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Infrastructure firm Gayatri Projects is all set to acquire five smaller infrastructure firms in the country, paving the way for its inorganic expansion. The company plans to fund these acquisitions through divestment of 49% equity in favour of Australian multi billion-dollar wealth management firm AMP.
The latter will bring to the table Rs 200 crore through [...]
By Rajani
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Posted in Real Estate News
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Also tagged Acquisition Targets, Construction Company, Cyberabad, Divestment, Expressways, FDI, Foreign Direct Investment, Infrastructure Companies, Infrastructure Firm, Laning, Roadways, South Corridor, Special Purpose Vehicle, Spv, Wealth Management Firm
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Hindustan Construction Company (HCC), a leading construction house, will transfer its real estate, infrastructure and investment businesses into separate fully-owned subsidiaries in an attempt to provide these high-growth businesses with a distinct focus and identity.
HCC officials said two subsidiaries, HCC Real Estate and HCC Infrastructure, have already been formed and the third, HCC Capital, is [...]
By Rajani
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Posted in Real Estate News
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Also tagged Airports, Authority, BOOT, Construction Company, Construction Sector, Engineering Projects, Growth Businesses, Hcc, Hydro Power, Infrastructure Development, Investment Business, Lavasa, National Highway, Private Sector, Project Opportunities, Restructure, Scale Construction, Segments
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W J Towell, A leading Oman business group, has announced the formation of joint ventures with three Indian firms for real estate development in the Sultanate.
The Indian companies are Piramal Group, Simplex Infrastructure Ltd and Talati & Panthaky Associated Pvt Ltd.
Mr. Imad Sultan, Director in-charge of Indian ventures of W J Towell, said,”The association with [...]
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