May 27, 2019 01:03 PM IST
The company hopes to raise investment worth $30 million for expansion. Going forward, 10 to 15 percent of its new supply would be located in malls, warehouses and institutions.
- Sep 26, 2017 08:02 AM IST
RBI notified that banks investing in such firms must have a minimum regulatory capital.
- Sep 18, 2017 08:55 AM IST
A proposal to amend REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) would be placed before Sebi's board tomorrow in order to facilitate growth of such trusts, an official said.
- Jan 14, 2017 04:42 PM IST
The Securities and Exchange Board of India (SEBI) in its meeting on Saturday took steps to popularise new investment vehicles like REITs and InvITs.
- Aug 19, 2016 10:23 PM IST
SEBI‘s norms to allow setting up of real estate investment trusts which were announced three years ago are yet to find any takers. While SEBI and the government are trying to do all they can to spark some excitement around REITS, the efforts don't seem to be yielding desired results, report CNBC-TV18‘s Kevin Lee and Kritika Saxena.
- Jun 17, 2016 08:00 PM IST
Through the paper, Sebi proposes to rationalise compliance with respect to related party transactions, allow REITs to invest up to 20 percent in under construction assets, remove restriction on special purpose vehicles (SPVs) investing in other SPVs holding assets, allow change in the number of sponsors in REITs, among others.
- Feb 09, 2016 10:18 PM IST
The challenge with real estate investment trusts (REITs) in India, at the moment, is that legislation, especially taxation, needs to be thought through a little more," says Sid Yog, founder of Xander group
- Jun 22, 2015 09:37 PM IST
In an exclusive interview to CNBC-TV18's Shereen Bhan, Finance Secretary Rajiv Mehrishi spoke on a wide array of issues impacting the Indian economy.
- Apr 20, 2015 11:25 AM IST
However, while the government is considering a MAT exemption at the time of REIT creation, it is not willing to provide such an exemption when the REIT is listed on the stock exchange or when a REIT sells or buys property assets.
- Mar 16, 2015 10:02 AM IST
The company pays roughly Rs 750 crore interest every month, including dividend on preference shares, on its debt. Tyagi says the lower borrowing rate should help the company save around Rs 175 crore on dividend payouts.
- Feb 27, 2015 11:49 AM IST
Under normal listing, the tax comes to 25 percent in India and 13 percent in Singapore, whereas under REITs it is around 50 percent, says Anshuman Magazine, chairman and managing director of CBRE South Asia. He adds that foreign investors will only be interested if there is tax clarity on REITs.
- Feb 10, 2015 09:21 PM IST
DLF is in talks with various financial investors for raising funds in some of its housing projects and also for participation in its REITs platform for commercial properties.
- Nov 19, 2014 10:14 PM IST
Experts believe hotel REITS are at least two years away, since the sector is not seeing a revival just yet.
- Oct 29, 2014 09:37 PM IST
Shishir Baijal CMD, Knight Frank India thinks this as a significant move by the government that would auger well for the cast starved industry.