November 14, 2008 – 1:23 am
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 [...]
By Rajani
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Posted in Property News
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Also tagged Affordability, Confederation, Credai, Delegation, Emi, Finance Minister, Home Loan, Liquidity, P Chidambaram, Real Estate Developers, Real Estate Developers Association, Real Estate Finance, Slowdown, Steep Rise, Weightage
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August 21, 2008 – 5:13 am
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 [...]
By Rajani
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Posted in Property News
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Also tagged Business Restructuring, Construction Activities, Dawnay Day, Dlf, Four Star Hotel, Hotel Chains, Investment Bankers, Investment Group., Jaipur, Lamba, Leading Hotel, Lemon Tree, Mandeep, Real Estate Developers, Suitable Buyer, Top Real Estate Developers, Uk Investment
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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 in [...]
By manish
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Posted in Property News
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Also tagged Capital Gains Tax, Debt Funds, Direct Taxes, Dividend Distribution, Exchange Board, Finance Ministry, Income Tax Act, Income Tax Act 1961, Mortgage Backed Securities, Mutual Funds, Real Estate Sector, Realty Companies, REMF, Retail Investors, SEBI, Tax Incentives
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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 Precoated [...]
By manish
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Posted in Property News
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Also tagged Demerger, Estate Projects, Ghatkopar, Jolly Brothers, Kanjur Marg, Precoated Steel, Real Estate, Residential Space, Special Purpose Vehicle, Steel Business, Steel Sheets
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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 business last [...]
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