Hyderabad-based real estate firm SatyaVani Projects and Consultants is in talks with European REITs to raise $150 million in private equity, which will form the bulk of the $190 million it plans to spend on projects in Hyderabad, Bangalore and Vishakhapatnam. Company’s director Mr. P Surya Prakash said that besides private equity, SatyaVani Projects is […]
Tag: Real Estate Investment Trusts
SEBI Issued Guidelines For MF Real Estate Schemes
May 23, 2008 – 5:58 am
After being on the backburner for over 7 yrs, the Securities and Exchange Board of India (SEBI) has released draft rules for mutual funds real estate schemes, bringing a lot of relief to the MF industry. SEBI has given authorization to two types of real estate funds. While the first group is of real estate […]
Indian REITs To Reach 5% By 2010
April 11, 2008 – 12:22 pm
At the present expected rate of growth, Indian real estate investment trusts could account for five percent of the universal real estate market by 2010. According to an study by Indian REIT industry group Assocham and credit rating agency CRISIL, the global RE market is likely to increase to $1.4 trillion by then, with Indian […]
REITs For Booming Real Estate
March 17, 2008 – 12:33 am
SINGAPORE, March 17 – The Securities and Exchange Board of India (SEBI) said on Monday that it was looking at the introduction of real estate investment trusts (REITs), but this will come only after other financial market liberalisation moves. “We have got remarks from market players. I would say that in the timetable, that will […]
Unitech, Indiabulls defer REITs listing
March 14, 2008 – 1:14 am
Unitech and Indiabulls Real Estate Ltd (IBREL) have deferred the listing of their respective real estate investment trusts (REITs) on the Singapore Stock Exchange (SGX) owing to the liquidity crunch in the global markets. Both Unitech and IBREL have received approval from the SGX for the initial public offers (IPOs) of their trusts. The move […]
Budget ’08: Industry Analysis
March 5, 2008 – 4:35 am
Everyone has expectations from the Budget and it is reasonable to accept that the Finance Minister cannot please everyone. The Budget speech reflects the absence of any significant tax changes impacting the real estate sector. It was widely anticipated that the Finance Minister will clarify taxation aspects in relation to Real Estate Investment Trusts, or […]
