Will Indias commercial real-estate market get it REIT

Will India’s commercial real-estate market get it REIT?

The much awaited Real Estate Investment Trust (REIT) listing is inching closer to reality and India has rent- yielding office inventory of 537 million sq ft worth over $70 billion. According to a joint report by KPMG, Naredco, Hariani & Company and Knight Frank, titled ‘REIT-able Space in India: A Closer Reality’, $121 billion or […]

Developers liable for building's safety now in the new code

Developers liable for building’s safety now in the new code

NEW DELHI: Builders can be made liable for the safety of the structure, as per the new national building code proposed by the Centre to be followed by the states. The revised code was unveiled by Consumer Affairs Minister Ram Vilas Paswan here on Wednesday. The code has been prepared by the Bureau of Indian […]

90% pay new property tax, but revenue dips

90% pay new property tax, but revenue dips

The good news for the civic body is that despite the vociferous protests against its new property tax system, nearly 90% of the 2.64 lakh citizens who were sent bills have cleared their dues. The bad news, however, is that its collection has dropped by nearly Rs400 crore as it had to reduce the tax […]

Bangalore-based retailer Shankara BuildPro, which is into home improvement and building products, has filed for an initial public offering to raise about Rs 450 crore. According to market sources, the company has filed the draft red herring prospectus (DRHP) with the market watchdog Sebi today and proposes to mop up between Rs 4

Shankara BuildPro files for Rs 400-450-cr IPO

Bangalore-based retailer Shankara BuildPro, which is into home improvement and building products, has filed for an initial public offering to raise about Rs 450 crore. According to market sources, the company has filed the draft red herring prospectus (DRHP) with the market watchdog Sebi today and proposes to mop up between Rs 400 crore and […]

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नोटबंदी से जमा रकम को सस्ते होम लोन के तौर पर बांटेगी मोदी सरकार

नोटबंदी के बाद भले ही विश्लेषक हाउसिंग सेक्टर की ग्रोथ में गिरावट का अनुमान लगा रहे हों, लेकिन मोदी सरकार ने इसे रफ्तार देने के लिए एक योजना तैयार की है। इकनॉमिक टाइम्स नाउ की रिपोर्ट के मुताबिक डीमॉनेटाइजेशन से जुटाई गई रकम को नरेंद्र मोदी सरकार सस्ते होम लोन के तौर पर बांटने पर […]

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