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 [...]
Today, there is talk of a slowdown as buyers are taking just a little longer to decide if they want to go ahead and take that decision now. Pranay Vakil, chairman, Knight Frank said, “Without a doubt, interest rates have made a difference. After all, the monthly outgo will increase”. Taking a closer look at [...]
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Also tagged Bptp, Emaar MGF, Housing Project, Land Banks, Malabar Hill, market, Palm Street, Parklands, Plumeria, Residential Projects, South Mumbai, Taj Express, Uppal
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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.
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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, Joint Ventures, Market Regulator, Mortgage, Net Assets, Sebi Guidelines
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The government is planning to scrutinise investments flowing in from tax havens such as Andora, Aruba, Bahamas, Costa Rica and Dominica where investor details remain confidential due to banking policies. According to sources in the department of industrial policy and promotion (Dipp), the government is concerned about Indian residents parking money in the island nations [...]
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Also tagged Banking, FDI, Foreign Institutional Investors, Government Source, Indian Residents, Influx, Intelligence Agencies, Investment, Island, Island Countries, National Security Council, Nsc, stock market, Tax Haven, Tax Havens
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Higher input costs, low market valuations and scaled up capacity amidst reduced demand is likely to take its toll on the cement industry. The growth rate of the industry is projected to drop below 10 % for the current fiscal. According to a report by Edelweiss Research, weak fundamentals and mounting cost pressures are likely [...]
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Also tagged Ambuja Cements, Cement Companies, Cement Industry, Cement Majors, Fuel, Home Loan Rates, india, Input Costs, Madras, Madras Cements, Market Valuations, Real Estate Slowdown
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Binani Cement, the flagship company of the Rs 1,700-crore Binani group, is considering long-term bulk cement supply contract with real estate developers including Raheja and Hiranandani. The initiative, if it fructifies, will be the first in the industry and other cement companies may follow suit. Binani Cement’s managing director Vinod Juneja confirmed the discussions between [...]
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Also tagged Binani Cement, Cement Companies, Cement Plant, Cement Prices, Industry Experts, Industry Sources, Initial Stage, Raheja, Rainy, Real Estate Developers, Supply Contract, Thane, Vagaries, Wada
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India’s largest real estate company, DLF Ltd, said on 02nd july that its board of directors would meet on July 10, to consider and approve a buy-back of equity shares. The buy-back proposal comes at a time when the company has seen a sharp erosion in its share price over the past few weeks. The [...]
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Also tagged Accruals, Billionaire, Bombay Stock Exchange, Bourses, BSE, Buyback, Capital Values, Dlf, Inflation Numbers, Intrinsic Value, Stock Value
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If you bought or sold a house or a plot for more than Rs 30 lakh, then expect a knock from tax hounds. Real estate sector is high on the radar of the income-tax department, which is going to keep a close watch on buyers or sellers of property. Realty deal whose value is more [...]
Real estate developers see further slump in demand and price correction due to RBI’s move to raise interest rate. Caught between slow demand and rising cost of capital and construction, developers are deferring launch of new projects. Some even fear that ongoing projects may get delayed. Indiabulls’ group spokesperson Gagan Banga said, “Interest rate hike [...]
The real estate sector might have hit a rough patch of late, but that has not stopped India’s rich and mighty from striking housing deals in Delhi’s elite areas at fancy prices. Three low-profile but high-value transactions worth Rs 300 crore have been closed in Central Delhi‘s posh Golf Links locality, where infrastructure major GMR, [...]
Reasonably priced housing, the most neglected segment of the real estate sector, is now magnetizing significant investments from developers plus private equity funds. While real estate majors like Ansals and Omaxe are planning low-budget housing projects in smaller towns and cities across the country, private equity players are firming up huge investments for this sector.
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Also tagged Ansal, Housing Projects, Kurukshetra, Mannat, Omaxe, Panipat, Private Equity Fund, Private Equity Funds, Sonepat, Warburg Pincus, West India
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The real estate sector seems to be at the receiving end of the market meltdown, with the DLF scrip ending below its issue price. For the first time after its listing, the stock of India’s largest real estate developer closed below its issue price of Rs 525 at Rs 519.95. Although it was closing at [...]
The uncertainty in the capital market has hit realty stocks the hardest. The BSE realty index is the worst performer this year, having shed 51% of its 52-week peak reached in January. With increasing evidence of a slowdown in the realty sector, rising input costs and little chances of interest rate softening, experts feel realty [...]
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Also tagged Agrawal, Angel Broking, Benchmark Index, Capital Goods, Consumer Durables, Gas Index, Gurgaon, Hitesh, Inflation Rate, Input Costs, Negative News, Noida, Omaxe, Parsvnath, Power Stocks, Realty Stocks, Scrips, Sensex
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The real estate sector in Dubai is being driven mainly by overseas investment, with individuals and companies from other countries consist of 60-70 % of the buyers of freehold units. 2 out of 3 of all the new freehold properties in the emirate are bought by overseas companies or persons who live outside the country, [...]
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Also tagged Emirate, Foreign Investment, Freehold Properties, Investing In Bonds, Mag Group, Overseas Investment, Pakistan India, Property Developers, Property Projects, South Korea, Uae Nationals
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NEW DELHI: All new airports in the country will emerge as business nucleus with world class office, hospitality and retail space. The modernization and development of airports will not only provide the facelift to respective cities but also improve the real estate sector, said a report by Cushman & Wakefield.
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Also tagged airport, Airport Authority Of India, Airport Projects, Asia Pacific Region, Commercial Office Space, Commercial Realty, Cushman, Estate Space, Indore, Jaipur, Kochi, Mncs, Retail Sector, Retail Space
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Land prices in the national capital region (NCR), Mumbai suburbs, Bangalore and Hyderabad have corrected by up to 25% as property developers slow down their land purchases. Poor sales and lower availability of credit at higher cost have prompted property developers to end the mad rush to acquire land. Some of the developers have even [...]
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Also tagged Acquisition, Belapur, Cash Crunch, Commercial, Connaught Place, Distant Suburbs, Knight Frank, Land Acquisition, Land Deals, Land Purchase, Landbank, Leela Group, Omaxe, Parsvnath Developers, Property Consultancy Firm, Property Developers, Videocon Industries
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PBEL PROPERTY Development (India) Pvt Ltd, a joint venture of Israel based Property and Building Corporation (PBC), Electra Real Estate (ERE) and INCOR infrastructure, has invested twenty crore rupees in Mysore to build a residential township. Announcing this progress, PBEL, executive director Anand Reddy said, “The Company has invested twenty crore rupees on a ten [...]
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Also tagged Apartment Buildings, Chennai, Cities, Coimbatore, Continents North America, Elco Holdings, ERE, Global Assets, Hyderabad, IDB, india, Investments, North America Europe, Pbc, projects, Residential Land, tamilnadu, township propject, Vizag
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It’s not just the consultants, funds and law firms that are coming to India. The booming real estate sector has attracted yet another important segment of the global industry—the architects. Celebrated British architect Lord Norman Foster, who shaped London’s 21st-century skyline with buildings such as the Gherkin, the new Wembley stadium, and has designed other [...]
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Also tagged Bandra Kurla, Beijing Airport, Bombay Dyeing, British Architect, Development Arm, Foster And Partner, Global Architecture, Highway, Infrastructure Development, Mahindra City, Mahindra Group, Metro Stations, Mumbai Real Estate, Neptune Group, New Wembley Stadium, Railway Station, Real Estate, Reichstag In Berlin
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Goldman Sachs, Deutsche Bank and one more financial investor are likely to make a combined investment of $800 million in three special purpose vehicles (SPVs) which are being created by real estate group Emaar MGF. Each SPV will have one financial investor who will hold a minority stake.
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Also tagged Emaar MGF, Estate Investment Trust, Financial Investor, Goldman Sachs, Indiabulls, Leading Property, market, Market Caps, Minority Stake, Money Flow, Omaxe, Parsvnath, Private Equity Fund, Purpose Vehicles, Real Estate Developer, Real Estate Group, Real Estate Investment, Real Estate Investment Trust, REIT
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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 [...]
Bennett, Coleman & Co Ltd (BCCL) has picked up Rs 60 crore worth preference shares in Mumbai-headquartered real estate major Mantri Realty Limited, which has operations in both Mumbai and Bangalore. Mantri Realty is an associate concern of Mantri Enterprises. The company, which has so far completed over 35 residential and commercial projects with over [...]
As per the experts, real estate market in india, china, and european countries are going to be attractive because of th edownfall in US and this is creating Asian market more attractive to do business. But is this really going to be the exact picture as per the experts or the aftermaths are goin to [...]
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Also tagged Asia, Asian Economy, Asian Market, Attractive Opportunity, Downturn, Economic Crisis, Europe, European Countries, Europeancountries, Falsehood, Global Market, Hype, India China, Media India, Present Age, Real Estate Market, Sword
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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 [...]
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Posted in Real Estate Information, Real Estate News
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Also tagged Currency Futures, Draft Guidelines, Exchange Board, Foreign Exchange, March, Real Estate Investment, Real Estate Investment Trusts, Reits, Sebi, Singapore, stock market, Stock Retail Investors
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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 [...]
India’s No.1 real estate development services and project marketing company Asipac today announced that it is creating new Strategic Business Units to offer Investment Banking & Asset Management Services as well as Procurement Services for the real estate sector. Mr. Amit Bagaria, Chairman, Asipac said, “In 18 months, we have helped developers raise Rs.6290 million [...]
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