Private equity retail arm Xander has agreed to purchase 20 acres of land in J K Gram, Thane, from the largest textile company Raymond Ltd for Rs 700 crore. Another Rs 1,700 crore will be invested by the buyer to develop the site. The plot at the Raymond Junction near the Singhania School has a […]
Raymond sells its Thane plot to a private equity firm for Rs 700 crore.more
According to a study conducted by the JLL, the Indian real estate market will have cumulative institutional investments worth around $50 billion in 2019, which include both foreign and domestic investments, as a result of large relaxation on investment norms concerning to Foreign Direct Investment (FDIs) and institutionalization of investments in a manner of REITS […]
India to receive $50 billion of Institutional Investment by the end of 2019.more
By Abhay Shah, Realty Quarter The real estate industry is one of the world’s leading sectors. The property sector comprises four sub-sectors-housing, retail, hospitality and commercial. Increased business environment and demand for office space and urban and semi-urban accommodations are well complemented by the growth of this sector. In terms of the direct, indirect and induced effects in all […]
How Real Estate Market in India is Evolving?more By Abhay Shah, Realty Quarter Overseas investment regulations in construction were eased by the government to bring money to the fund-starved industry and serve its twin goals of creating faster jobs and homes for all. A comprehensive proposition by the Department of Industrial Policy & Promotion (DIPP) was endorsed by the Union Cabinet on Wednesday, […]
Government refines the laws on Foreign Direct Investment for the real estate industry.more
By Abhay Shah, Realty Quarter On Tuesday, the Supreme Court told the state to take hard measures against erroneous developers, cancel their lease deeds on illegal situations, and maintains the delivery of projects within a time frame and gave an instance of Major Amrapali’s distressed real estate for siphoning off thousands of hard-earned house owners money. The […]
Supreme Court cancels the registration of Amrapali and nominates NBCC for project completion.more
By Abhay Shah, Realty Quarter The Rajya Sabha gave its nod to the Special Economic Zones (Amendment) Bill, 2019, on Thursday, a day after it was passed by the Lok Sabha. The Bill will substitute for the 2019 Special Economic Zones (Amendment) Ordinance, issued in March. The decree paved the way for trusts in these areas […]
Parliament approved amendment to the SEZ legislation to allow trusts to set up units in special economic zones.more