Mutual fund (MF) houses are rejoicing the securities and exchange board of India’s decision to allow MFs to launch real estate schemes. In fact, they have been waiting for almost two years to get the nod from the stock market regulator. For late comers, you don’t need lakhs or crores of rupees to invest in […]
Tag: Real Estate Investment
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 […]
GIC All Set For big Real Estate Deal In India
April 2, 2008 – 7:17 am
GIC Real Estate, the real estate investment division of the Government of Singapore Investment Corporation, is planning out a bigger game plan for India. According to industry sources, the firm which runs a multi-billion dollar portfolio of direct and indirect property investments with all most 200 investments in over 30 countries is singling out a […]
Ishaan Real Estate Plc. Hopeful Of Strong Progress In 2008
April 1, 2008 – 12:49 am
LONDON – India-centralized real estate investment company Ishaan Real Estate Plc. told that it has leased and pre-let 577,000 square feet of office and retail space, growing the total area of leased and pre-let space in its commercial and retail development projects to 2.4 million square feet. Ian Henderson chairman of Ishaan Real Estate Plc. […]
Triangle RE fund to raise $500 m for Indian realty
March 31, 2008 – 5:45 am
To cash in on the growth of organised retail in India, UK and South Africa-based real estate investment groups have launched retail property focused Triangle Real Estate Fund (TREF) for India. The $500 million fund will be routed through Mauritius and will be managed by Property Zone – a joint venture between Old Mutual Investment […]
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 […]
Top property Investing Countries in the World
March 11, 2008 – 7:31 am
LONDON:- Survey of 485 real estate investors sees UK capital slump to 15th spot on fears over exposure to financial sector. Moscow and Istanbul have displaced London and Paris as the top-ranked cities for real estate investment prospects, according to a Price water house Coopers survey published today. This is the first time in the […]
Real Estate International Mortgage Marketing in Brief
March 10, 2008 – 11:43 pm
Mortgage lending rose 160 % previous year, bringing the total to 611 billion rubles ($25 billion), Vedomosti reported last week, citing the Central Bank. Sberbank and VTB Group, the country’s first- and second-biggest lenders, respectively, saw their share of the total rise to 70 % from 55 %, said Vasily Belov, general director of mortgage […]
Realty sector seeks tax breaks on REITs in line with MFs
February 28, 2008 – 4:47 am
Realty sector hopes that Finance Minister P Chidambaram will provide tax breaks on REITs in line with the Mutual Funds while he unveils the Union Budget on February 29. Market regulator SEBI has already come out with a draft guideline to allow Real Estate Investment Trusts (REITs), but there was no mention on the tax […]
Asian real estate board sees Singapore as major REITs centre
February 26, 2008 – 8:59 am
Singapore – The Asian Public Real Estate Association said on Tuesday told that a body which represents publicly traded Asia-Pacific real estate has set up a chapter in Singapore to ultimately serve as a major cross-border REITs centre. Market capitalization of the city-state’s real estate investment trust (REIT) market amounts to 21.6 billion dollars, second […]
Investment In Promising Cities In India
February 20, 2008 – 1:28 am
India is internationally recognized as a booming economy, making it a favored real estate investment destination for both commercial and residential properties. Still, there is always the confusion of whether to invest in an recognized area or in potentially more money-making area.
RIL Vornado Joint Venture
February 19, 2008 – 1:54 am
Reliance Industries is in advanced discussion with the New York-based Vornado Realty Trust. It is one of the world’s top five real estate asset managers. Main aim of this discussion is to float a $1-billion plus fund. The proposed fund will acquire and manage properties, mainly in the retail space, across India. People familiar with […]
JDA Announces Grand Auction
February 6, 2008 – 1:08 am
Jaipur is emerging as real estate investment destination rapidly. Taking lead from this , Jaipur Development Authority (JDA) is coming up with multiple commercial and residential schemes to woo the investors across the globe. It has attracted Real Estate Giants for its grand auction of group housing and commercial plots at Jaipur- Sikar Road (NH-11). […]
Real Estate Development Prospect in India
January 15, 2008 – 3:25 am
January 08, 2008. Real Estate Companies and Investors are taking India as a great Investment destination. Real estate investment in major cities is taken as a beneficial deal. Real Estate Developers from the outside countries are showing their interest in building luxury villas in top Indian cities. They are looking for the joint venture partners […]
