PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Sebi Relaxes Infra Investment Trust Rules To Draw Business Houses

Loading video...

Description

Realty News Roundup is PropGuide’s selection of top stories from the real estate sector.

To help the newly introduced Infrastructure Investment Trusts (InvITs) gain further traction, markets watchdog Securities and Exchange Board of India (Sebi) has proposed ease of norms for these instruments. These include a reduction in the mandatory sponsor holding to 10 per cent, from the current 25 per cent. The Sebi, in 2014, had introduced InvITs — an investment vehicle which would enable promoters to monetise assets — to make it easier to raise funds for infrastructure projects. Read more

Under the Pradhan Mantari Awas Yojana (Urban), a minimum addition of 9 sq mt of carpet area to the existing house will be required for a unit to be eligible to the central assistance under the 'Beneficiary-Led Construction' component of the mission. The Ministry of Housing Urban Poverty Alleviation issued modified guidelines to this effect, urging states and union territories for compliance while sending affordable housing proposals. Read more

Rajasthan’s urban housing and development (UDH) department has directed all development authorities and urban improvement trusts (UITs) to develop an online system to facilitate hassle-free monitoring of construction of buildings. The system is set to put an end to the role of town planners and engineers. Following the directions from the ministry of urban development, the state issued the directions under 'ease of doing business'. Read more

Taj Boston, a luxury hotel owned by Indian Hotels Company Ltd, is being acquired by a group of investors led by Boston-based real estate development firms New England Development and Eastern Real Estate. The buyers also included private equity company Rockpoint Group LLC and Philadelphia-based developer Lubert-Adler, said Boston media reports, quoting a New England Development press statement. According to reports, the statement did not disclose the terms of the agreement and the deal size. The hotel, however, will continue to remain a Taj-branded property.  Read more

 

Tags: Video, Rajasthan, infrastructure investment trusts, Securities and Exchange Board of India, ease of doing business, propguide, Online, Pradhan Mantari Awas Yojana, Taj Boston


Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: Loan Borrowers To Get 60-Day Breather From RBI

Here are today's top news stories from the real estate sector.

November 22 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Govt Nod To Online Application For Homes Under PMAY (Urban)

Here are today's top news stories from the real estate sector.

November 03 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: India Inks Pact With Russia To Build Smart Cities

Here are today's top news stories from the real estate sector.

October 17 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Centre May Notify Real Estate Act Rules Within 10 Days

Here are today's top news stories from the real estate sector.

October 10 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Green Approval Must For Big-Ticket Projects In West Bengal

Here are today's top news stories from the real estate sector.

July 19 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Rajasthan To Build 1.9 Lakh Homes Under PMAY

Here are the top stories from the real estate sector.

July 18 2016

+ Click Here To Read This Article

Here are today's top news stories from the real estate sector.

PropGuide simplifies complex real estate jargons for you.

Nanmangalam in Chennai is a great residential locality, offering property within the price range of...

Contour crafting is a process which can define the new meaning in the extensive technological...

Rs 500 and Rs 1,000 were banned from November 8 midnight. What will be the impact on real estate...

Due to many reasons, real estate developers will not reduce property prices in the coming future.

An ancestral property is the one which one inherits from one’s forefathers.

The Modi government has decided to demonitise currency notes of Rs 500 and Rs 1,000. That has left...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

PropGuide dejargons complex real estate terms for you.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top