An only extremely rich individuals can afford this. R K Damani, the owner of the big retail chain D-Mart, has paid Rs 65 crore to convert 1.4 acres (7,634 sqm built-up area) of leased land to freehold. The state revenue department has levied a surcharge of 25% of the ready reckoner rate for the conversion. […]
D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.more
Investments in land and buildings necessary for a project will not be included under the production linked incentive (PLI) scheme for ACs and LED lights, and will not be included when establishing a company’s eligibility to benefit from the program. This is part of the rules provided on Friday by the Department for Promotion of […]
Land and building investments are not covered under the PLI scheme.more
Real estate and construction firms have so far been able to keep their workers on the job by using the lessons learned from last summer’s tumultuous evacuation of towns, even as reverse migration of unskilled workers working in retail, hotels, street vendors, and other miscellaneous occupations has begun in the wake of new mobility curbs. […]
Construction firms are able to support their workers by using the reverse migration option.more
Motilal Oswal Real Estate (MORE) raised Rs 1,150 crore from high net worth individuals for its fourth realty fund to invest in housing and commercial ventures around six major cities, a senior company official stated. The fundraising exercise for the India Realty Excellence Fund IV (IREF IV) started in September 2018, and a pledge of […]
Motilal Oswal Real Estate allocates Rs 1,150 crore to invest in housing and commercial project.more
Japanese institutional investor Marubeni Corporation has decided to invest Rs 300 crore into a 1 million sqft residential project ‘Atmosphere’ of real estate developer Wadhwa Group in Mumbai’s Mulund suburb. This is the maiden investment Marubeni has created in Indian real estate. In a statement, it said it would invest in the project by subscribing […]
Wadhwa Group receives Rs 300 crore investments from a Japenese company Marubeni Corporation.more
On February, the Reliance Home Finance Company, which is owned by Anil Ambani, defaulted to repay Rs 40.08 crore loan, it reported in a regulatory filing on March 10. The company has some Rs 700 crore funds in the form of liquid mutual fund investment, it said. “However the delay in debt servicing is due […]
Reliance Home Finance Company failed to repay Rs 40 crore loans in February.more
Morgan Stanley has purchased an equity stake in Ummeed Housing Finance in the funding round of the company’s Rs 164-crore series-D. Ummeed Housing is operated by Swiss investor LGT, which has purchased the Soros Economic Development Fund’s India-focused fund Aspada. A fund operated by global investor Morgan Stanley Private Equity Asia, which owns a minority […]
Morgan Stanley acquires Ummeed Housing Finance equity stake for Rs 164 crore.more
A sharp contrast to previous years, more investors are eager in last-mile funding for stuck housing projects that seems to be a rub-off impact on equally strained residential projects from the government allocating Rs 25,000 crore. In the light of evolving regulatory and market circumstances, the burden on developers to deliver the projects at earliest […]
Investors explicate keen interest in last-mile funding for the stuck housing projects.more
Piramal Realty, the Piramal Group’s real estate development arm, plans to invest over Rs 3,500 crore in the Mumbai Metropolitan Region (MMR) residential project over the next 3 years with a strong focus on mid-market segment, said a top company official. Goldman Sachs and Warburg Pincus are investors of this enterprise which is entering the […]
Piramal Realty to focus on the mid-market segment – plans to invest Rs. 3,500 crore in Mumbai.more Realty Quarter is a premier quarterly magazine primarily focuses on Real Estate Sector, Construction Industry, Investments Trends, Property Updates, Research and Analysis, Architectural and Interiors. HNIs Investors & Channel Partners Meet HNIs Investors & Channel Partners Meet is a platform to attract influential investors with an urge to buy home back in their homeland with […]
Sell your project in Dubai – HNIs, Investors and Channel Partners Meet (8th Edition)more
