PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Sebi Relaxes Norms For REITs And InvITs

Loading video...

Description

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

In a bold move the Securities and Exchange Board of India (Sebi) recently relaxed existing norms to make Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) attractive options for raising capital. This has been done following extensive public consultations. New provisions, including those related to the use of funds raised by these trusts, have been introduced.

The Haryana Urban Development Authority (HUDA) is likely to file an FIR naming more than 300 people in connection with the multiple plot allotment scam and plans to sequestrate their plots. On the orders of the Punjab and Haryana High Court, it came to light that many people took multiple plots from the authority after furnishing false information.

American investor KKR&Co plans to pump in about $200 million to support real estate developers in Mumbai, Bengaluru and the National Capital Region. KKR has pledged $75 million support to Lodha Developers, $45 million to Runwal Group in Mumbai, and $60 million to Bengaluru's Karle Group, among others.

In a bid to decongest the state capital, the Himachal Pradesh Housing and Urban Development Authority (HIMUDA) recently gave its nod to a Singapore company for developing a 32-hectare smart integrated township on the outskirts of Shimla. An MoU will soon be signed with Singapore Cooperation Enterprises for developing a township at Jathiadevi near Jubbarhatti airport.

Source: Media reports

Tags: Gurgaon, Mumbai, Video, Bengaluru, Real Estate Investment Trusts, Lodha Developers, Haryana Urban Development Authority, propguide, Shimla, Jathiadevi, Jubbarhatti, Runwal Group, Karle Group


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

Unsold Inventory: Learnings From PropTiger Q2 Report FY'16

Unsold inventory in major Indian cities have been declining, quarter by quarter.

November 10 2015

+ Click Here To Read This Article

Why Real Estate Is So Expensive In Mumbai

In India’s most prosperous city, half the population live in slums. In Savills' top 12 most expensive cities in the world, Mumbai was the cheapest city to live in. Yet, why is real estate in Mumbai the most expensive real estate is the world?

May 18 2015

+ Click Here To Read This Article

#RealtyNewsRoundup: Bank of Baroda To Buy Majority Stake In Central Bank’s Housing Finance Arm [Video]

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

December 12 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Gujarat Keeps Its Deadline With Real Estate Act

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

November 01 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Huda To Tweak Payment Policy Of Properties Sold In Auction

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

October 12 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: HUDA To Auction Plots in Gurgaon Every Tuesday

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

October 03 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: India's Tallest Residential Tower In Mumbai Told To Seal Floors

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

August 30 2016

+ Click Here To Read This Article

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

Data show Bengaluru has seen the highest net office space absorption in the past nine years. This...

In the recently released World Happiness Report 2017, India is ranked 121 in a list of 155 nations....

While calculating depreciation of property, factor in the average life of the building and the...

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

The Centre recently gave its go-ahead to the construction of the national capital region’s second...

PropGuide tells you how a better metro connectivity will raise real estate prices in Noida.

The first phase of a Metro network is already changing the way people commute in Bengaluru. Upon...

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

PropGuide simplifies complex real estate jargons for you.

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

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top