NRIs Eyeing Indian Properties Ever since the Indian rupee began nosediving, more and more NRIs (non-resident Indians) have turned their focus to the Indian real estate market. There are good reasons for this. Other than the favourable exchange rate, the new regulatory environment driven by RERA, DeMo and GST have served to clear up a […]
NRIs Buying Indian Property, And Indians Buying Property Abroadmore
The universe of Indian real estate sector has witnessed a paradigm shift after the coming of policies like RERA (Real Estate Regulation and Development Act, 2016). Although a positive move, the sector is still in its infancy stage when it comes to regulations. Nonetheless, India has seen a steady rise in real estate investors with […]
Dos and Don’ts of Investing in Indian Real Estate Post RERAmore
Indiabulls has an equal joint venture with global private equity firm Blackstone. The JV has 3.3 million sq ft completed asset with annuity income of Rs 670 crore, while 0.8 million sq ft is under construction with expected rental income of Rs 172 crore. Moreover, the company in July executed definitive transaction documents with the […]
Indiabulls Real Estate to sell 50% stake in two office properties in Gurugrammore
Real estate is a significant part of the economy. The sector contributes nearly 10% to GDP in the U.S., India and Pakistan and well beyond 10% in some other countries such as Bhutan. Residential real estate is considered a key to the well being of people whereas commercial assets are a must for other economic […]
Why does India need specialised real estate educationmoreThe iconic RK Films & Studios, where genre-defining Hindi films such as Awaara, Shri 420, and Mera Naam Joker were made, is set to get a new owner in Godrej Properties. The real estate development arm of Godrej Group is buying the 2.2-acre land parcel in Chembur, said three persons with direct knowledge of the […]
RK Studios has a new owner in Godrej Properties, deal value likely to be around Rs 190 croremore
MUMBAI- In the middle of an ongoing liquidity mayhem and credit squeeze, Abu Dhabi Investment Councilbacked real estate-focused non-banking financial company (NBFC) Altico Capital India has extended funding of ₹100 crore to Pune-based realtor Pharande Group, said two persons with direct information of the development. “The new funding is a top-up transaction as the developer […]
Altico Capital invests Rs 100 crore more in Pune realtor Pharande Read more at: //economictimes.indiatimes.com/articleshow/66413905.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstmore
Private equity firm Motilal Oswal Real Estate (MORE), which infused Rs 67 crore in a Shriram Properties’ housing project in Bengaluru in 2014-end, has got an exit of Rs 125 crore. MORE has exited from Shriram Properties’ India Realty Excellence Fund II (IREF II). The exit has been from a housing project ‘Shriram Greenfield’ near […]
Motilal Oswal Real Estate gets Rs 125-cr exit from Shriram Properties’ housing projectmore
Mumbai The Income Tax Appellate Tribunal (ITAT) has rejected a plea from a taxpayer for rectification of its earlier order, in which it had upheld disallowance of HRA claimed as exempt. The taxpayer had paid rent to her mother and the entire transaction was found to be a sham. By its act of rejecting the […]
ITAT refuses to rectify its earlier order that disallowed HRAmore
India’s banking liquidity crunch is extending to the nation’s developers, threatening to derail a nascent recovery in the property sector. Home builders in India have increasingly been turning to non-bank lenders for funding as traditional financiers struggle under bad loans. But following the government’s seizure of troubled shadow bank Infrastructure Leasing & Financial Services Ltd. […]
How a bank credit shortage has hijacked Indian real estate’s growth storymoreMumbai Twenty-nine years after two joint land owners transferred their four-acre plot in Bandra to a builder for Rs 10 lakh, a local court sentenced them to six months’ rigorous imprisonment for flouting income tax rules. Additional Chief Metropolitan Magistrate M I Lokwani sentenced two members of the Gurav family. The Income Tax (I-T) Department […]
Twenty-nine years after plot sale, two sent to jail in I-T casemore
