#RealtyNewsRoundup: Govt Proposes Integrated Township Projects To Boost Regional Plans In Maharashtra
Realty News Roundup is PropGuide’s selection of top stories from the real estate sector.
To encourage mega townships on city outskirts and regional plans, the Maharashtra government has replaced special township project with integrated township project. It will be applicable for regional plan of Nagpur, Chandrapur-Ballarpur, Amravati and Akola-Washim in Vidarbha. Read more
Indiabulls Housing Finance plans to raise Rs 200 crore by issuing non-convertible debentures. “The company proposes to issue 2,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 200 crore on private placement basis," it said in a regulatory filing. Read more
Real Estate Investment Trusts (REITs) may soon become a reality in India with the market regulator set to further relax rules that would allow these vehicles to broad-base their avenues of investments. The Securities and Exchange Board of India (Sebi) will allow REITs to invest more in under-construction projects, rationalise unit holder consent for related party transactions and provide flexibility to invest in asset holding entities through intermediate special purpose vehicles. The issue will be put on table in a board meeting tomorrow. Read more