Brookfield India launches Rs 3,800-cr real esate investment trust IPO; price band fixed at Rs 274-275
The issue will open for subscription on 3 February and close on 5 February, and bids can be made for a minimum of 200 units and in multiples of 200 thereafter by bidders other than anchor investors
The deal, which will give the private-equity giant full control of the portfolio, is expected to be concluded over the next few weeks
With the transformation in the way business is conducted under the reformative Real Estate (Regulation and Development) Act, 2016 (RERA) regime, it is time to recognise the role of the real estate sector as a full-fledged industry.
HDFC's Deepak Parekh sees more REIT issues in offing after success of Embassy Office Parks' first REIT offer
Following the success of the country's first REIT issue by Embassy Office Parks last week, HDFC chairman Deepak Parekh on Monday said two to three companies have already approached the mortgage lender to be an investor for such issues over the next 12 months
DLF launches QIP to raise over Rs 3,000 cr with an aim to become debt-free company; shares down 3.49%
According to a regulatory filing, DLF has launched its QIP on Monday and the floor price has been fixed at Rs 193.01 per equity share.
SEBI seeks to make mutual funds' valuation process fairer; eases norms for raising funds via investment trusts
The board also approved a proposal to bring uniformity and consistency across the mutual fund industry on valuation of money market and debt securities rated below investment grade, SEBI said.
Realty sector seeks extension of tax holiday sunset clause for SEZs to boost office demand, drive fresh investments
From a real estate developer’s perspective, increasing the scope of affordable housing projects qualifying for the tax holiday would make it more attractive for new project investments.
With the hard decisions now taken, the Indian real estate sector fervently hopes that it is at the receiving end of the benevolence implied in a populist budget
70 years of Independence: Mapping the policy milestones that shaped the Indian real estate over years
Foreign direct investment (FDI) in real estate was first allowed in the year 2005, which opened up newer ways of funding
The realty sector is just emerging from a prolonged and painful slowdown, and is looking for all and any signs of light at the end of the tunnel. This fact makes Union Budget 2016 all the more critical, and the real estate industry has many expectations from it.
JDA is gaining prominence as a mode of transaction in the sector since it does not involve immediate cash outflow to the developer, says Neeraj Bansal, Partner and head of real estate practice, KPMG in India.
The mistakes made by DLF in the era of "easy money" seem to be catching up with it.
On Monday the markets regulator barred DLF, Singh and other top executives from accessing markets for three years for failing to provide key information on subsidiaries and pending legal cases at the time of its record-breaking 2007 initial public offering.
The Securities and Exchange Board of India (SEBI) ruling on Monday will cut off DLF's access to the Mumbai stock market, Asia's best-performing bourse this year.
The detailed norms, to be made public soon, will also contain strict provisions for any misleading claims and will require them to a strict 10-point code of conduct for fair business practices.<br />
The SEBI's decision to allow the setting up of REITs buoyed realty stocks.
To ensure greater efficacy in exercise of its new powers, Sebi's board cleared new norms for its search and seizure operations, settlement proceedings, refund to investors and crackdown on illicit money-pooling schemes.
Slowdown in the residential realty is turning out to be a boon for India's commercial realty space. High rental yields in the office space seem to be luring global private equity investors back to India.