With an aim to make REITs more attractive to investors and real estate players, regulator Sebi on Monday proposed relaxed norms for related party transactions and allowed these Trusts to invest more in under-construction assets. Sebi also proposed removal of restrictions on REITs (Real Estate Investment Trusts) relating to investment in special purpose vehicle (SPV)… Read More »
Reforms in FDI policy and relaxation of norms in Real Estate Investment Trusts (REITs) will benefit the realty sector, especially the commercial segment, a property consultant today said. Earlier this week, the government unleashed a second wave of FDI reforms, allowing 100 per cent inflows in civil aviation and food processing sectors while easing norms in… Read More »
The Securities and Exchange Board of India (Sebi) has relaxed rules on Real Estate Investment Trusts (REITs) by allowing them to invest more in under-construction projects, rationalised unit holder consent on related party transactions and removed restrictions on special purpose vehicle (SPV) to invest in other SPVs holding the assets. The Sebi board has also… Read More »
In Britain’s regions, smaller investors are securing discounted deals on commercial property as heavyweight funds put purchases on ice ahead of the referendum on EU membership. Defying an investment lull in the capital, regional property markets have been enlivened by private equity firms and other small investors taking advantage of reduced competition for office and retail… Read More »
With an aim to make REITs more attractive to investors , markets regulator Sebi plans to relax its norms to allow these Trusts to invest more in under- construction assets and have a larger number of sponsors. The Securities and Exchange Board of India (Sebi) had put in place its regulations for Real Estate Investment… Read More »
The Gurgaon administration has proposed to slash circle rates of properties by 15% this year to help revive a slumbering real estate market that is in the grip of a prolonged downturn. If the Haryana government approves the proposal, it will be the first time in recent history that Gurgaon, a premium real estate market, will… Read More »
There may be valid political and sociological reasons for increasing the Floor Area Ratio (FAR) in HUDA’s colonies in Haryana’s new emerging towns, but only a blind leap of faith can justify the conclusion that this move will help pull the property market out of recession. Logic indicates otherwise. FAR is the ratio of a building’s… Read More »
All new commercial buildings in the city with more than 1,000 sq. mts plot area or 2,000 sq. mt built area will now have to comply by Energy Conservation Building Code (ECBC), Mayor Bonthu Rammohan said after a meeting on energy conservation here on Thursday. The Greater Hyderabad Municipal Corporation would soon create a technical cell… Read More »
The government to increase ready reckoner rates by an average 7%, effective from 1st April, 2016 which means buying and developing properties in Mumbai and rest of Maharashtra is set to become costlier. The stamp duty on property transactions, calculated on the basis of RR rates, would go up as a result. Revenue minister Eknath Khadse made… Read More »
The Union Budget presented by Finance Minister Arun Jaitley on Monday has left big smile on the faces of first time home buyers by giving them an additional tax exemption of INR 50,000 for housing loans upto INR 35 lacs. Also, the removal of a tax hurdle in the way of REIT’s (Real Estate Investment… Read More »