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, Estate Assets, Exchange Board, Finance Ministry, Income Tax Act, Income Tax Act 1961, Mortgage Backed Securities, Mutual Funds, Real Estate Sector, Realty Companies, REMF, SEBI, Tax Incentives
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Laxmi Mittal-backed Indiabulls Real Estate managed to raise $259 million on the Singapore Stock Exchange, a day after the scheduled closing of its REIT’s issue, Indiabulls Properties Investment Trust.
India’s fourth largest real estate developer sold 353 million shares at $1 per unit, out of which Lakshmi Mittal had committed 91 million shares.
The sale was to [...]
MUMBAI: It’s second-time unlucky for Indian realtors hoping to garner some desperately needed cash by floating their real estate investment trusts in Singapore.
On 5th june, Indiabulls Real Estate said its plans to float a Reit to mop up $286 million is being extended. Analysts said this was due to very poor response from retail investors.
The [...]
By manish
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Posted in Property News
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Also tagged Ajit, Daiwa Institute Of Research, Daiwa Institute Of Research Singapore, Elphinstone, Indiabulls, Investment Trust, Mittal, Real Estate Investment, Real Estate Investment Trusts, REIT, Unitech India
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Sports brand Adidas has pronounced strategy to add One hundred twenty five franchise outlets to its India retail network in 2008.
As said by Andreas Gellner, managing director at Adidas India Marketing, the count is set to rise to four hundred fifty by the end of the year, from the existing count of three hundred twenty [...]
By manish
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Posted in Property News
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Also tagged Adidas, Asia, China Hong Kong, China Property, Europe, Hospitality Sectors, India Property, Projects, Real Estate Asia, Real Estate Developers, Real Estate Sectors, Venture Arrangements
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February 25, 2008 – 8:56 am
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 to [...]
January 28, 2008 – 6:56 am
Jan 15’ 08, Mumbai. Reliance Power’s mega Initial Public Offering (IPO) worth Rs 11,700 crore was fully subscribed within minutes of the start of book building process. In fact, it was oversubscribed. It has received bids five times more than expectations. According to the market analysers, Reliance IPO will start with [...]
By Rajani
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Posted in Property News
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Also tagged Aspirations, Crore, Doshi, Euphoria, Execution Capabilities, Grey Market, Including Real Estate, Infinity, Initial Public Offering, Initial Public Offering Ipo, Investment, Investment Manager, Rajesh Jain, Reliance IPO, Reliance Power, Retail Customer, Retail investor, Rupees, Smc, Term Gain, Thomson Financial, Worth Rs
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