Tag Archives: SEBI

Sahara Prime City to use Rs 2860 crore from IPO

October 5, 2009 – 3:23 pm

Sahara Prime City, which aims to raise Rs 3,450 crore from an IPO, will utilize Rs 2,668 crore in the next 3 years to part-fund development of about nineteen thousand housing units across the country.
At present, Sahara Prime City is developing nine integrated townships and one residential complex in cities such as Lucknow, Indore, Nagpur, [...]

By rajani | Posted in Property News | Also tagged , , | Comments (0)

REMFs Having Problem Due To Unclear Tax Rule

July 21, 2008 – 4:54 am

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 rajani | Posted in Property News | Also tagged , , , , , , , , , , , , , , , | Comments (1)

VCFs, FVCIs Ready For Real Estate Sector

May 26, 2008 – 6:19 am

The real estate sector has hogged the attention among favored investment avenues for a host of venture capital funds (VCFs) and foreign venture capital investors (FVCI) during the preceding fiscal. Amongst different sectors, together with IT and telecom, real estate alone attracted twenty percent of the total investments made by both VCFs and FVCIs during [...]

By rajani | Posted in Property News | Also tagged , , , , , , , , , , | Comments (2)

Indian regulator allows fund houses to start real estate mutual funds

April 26, 2008 – 8:55 am

MUMBAI – Indian market regulator, the Securities and Exchange Board of India (SEBI), said it has amended the regulations to allow domestic fund houses to start real estate mutual funds (REMF) in the country.
In a release, the regulator said however that existing mutual funds have to fulfill certain conditions, such as having an sufficient number [...]

By rajani | Posted in Property News | Also tagged , , , , , , , , , | Comments (5)