Tag: Estate Assets

NIREM Offers Specialization in Realty

With the ever growing realty sector in India, the roles and responsibilities of real estate professionals have evolved considerably. This in turn forces a strong need for an efficient background in real estate along with strong professional skills in their functional areas of responsibilities. Since commercial property sector is very new for Indian property market […]

Unitech is close to finalizing hotel deal

Unitech is close to finalizing a deal with the Ashok Hinduja group for the sale of its Gurgaon-based hotel for Rs 226 crore. The real estate player has been facing a cash crunch for almost a year. Last month, it decided to sell The Courtyard, its hotel property in Gurgaon, along with five other properties […]

FM assures more loans for real estate

Finance minister P Chidambaram assured real estate developers that government will impress upon banks to accelerate lending to realty, which is facing one of the worst slowdown in the recent times. A delegation of builders under the Confederation of Real Estate developers’ Association of India (CREDAI), met Chidambaram on Wednesday to complain against banks’ reluctance […]

Dawnay Day’s hotels on the block

Leading hotel chains and top real estate developers are understood to be bidding for the beleaguered UK investment group Dawnay Day’s four-star hotel chain Ten Hotels and other real estate assets in India. ITC, Royal Orchid, Pride Hotels, Sarovar group, Lemon Tree, DLF and Paraswanath have made a pitch for the deal, which is valued […]

REMFs Having Problem Due To Unclear Tax Rule

At a time when the real estate sector is hard-pressed for funds, the real estate mutual funds (REMFs) are yet to take off, in spite of being granted permission 3 months ago. This is due to unclear rules about their tax treatment. REMFs, which were touted as key instrument enabling retail investors to take part […]

Shree Precoated To Separate Its Steel Business Into Separate Company

MUMBAI: The Ajmera group-controlled Shree Precoated Steels, which has interests in real estate and steel, has taken a decision to hive off its steel business into a separate company. This will be a reverse merger as the Mumbai-based group had earlier merged its real estate assets with Shree Precoated Steels. The group will rename Shree […]

GTC set for Realty Business Separately

NEW DELHI:Cigarette manufacturer GTC Industries pronounced that its board of directors has considered and decided an in-principle approval to separate the tobacco and the real estate business into two different entities. The¬†two entities would be listed separately on the stock exchanges in India. ET had initially reported plans of a separation of the real estate […]