Tag: Real Estate Companies

Maharashtra stamp-duty hike: What it means for realty companies.

In a recent development, cash strapped Maharashtra government proposed to hike stamp duty on leave-license to 0.1% on market value or 1% of the average annual rent or deposit paid, whichever is higher, for residential properties. For commercial properties, the duty proposed is 0.4% for lease agreements over 60 months. This is a whopping 160 […]

RBI Tighten Ropes On Real Estate

sIn a recent development the Reserve Bank of India along with the Department of Industrial Policy and Promotion are working to streamline and regulate the access and use of Real Estate Firms regarding the External Commercial Borrowings (ECBs). This will be done through a monitoring mechanism which will ensure stricter norms from now on. RBI […]

Indian Realty Wakes Up To The US Meltdown

The recent financial debacle in the US has sent shock waves across the globe and is also projected to impact the Indian real estate sector directly or indirectly. Adequate and timely funding would be a major concern for developers. Already, there are indications of investors withdrawing their funding. While big players consider this shake-up as […]

ING Unit Launches Asian Real Estate Fund In Hong Kong

HONG KONG ING Group NV’s asset management unit Monday launched a fresh Asia real estate fund in Hong Kong that invests in listed real estate securities across the region. Most of the portfolio will be invested in real estate companies and real estate investment trusts, ING said. The fund is at first being offered only […]

Realty firms raise maximum through IPOs in 2007: Assocham

According to industry body Assocham Real estate companies mopped up a large amount amount through early public offers on stock exchanges during 2007.V. Dhoot president of Assocham chamber states that ¬†although high interest rates, the real estate sector remained buoyant during 2007 primarily due to the well-built underlying demand, aggressive marketing, entry of fresh players […]