News articles tagged Finance

Asia To Witness Surge In REITs

HSBC predicts rapid growth in Asia's Real Estate Investment Trusts (REITs) over the next few years, driven by investor demand for safer, income-generating assets.

Blackstone and KKR looks up for Indian Commercial Real Estate

UB Holdings in talks with Blackstone, KKR to sell commercial real estate for $123 million

2012 is a Tougher Year for Fund Raising

Indian real estate sector faces liquidity concerns due to global debt worries, with 2012 expected to be a challenging year with expensive debt, cautious private equity, and a rise in structured debt deals.

Real Estate Sops can’t impress Firms.

India's finance minister relaxes borrowing norms for real estate firms and extends loan subsidy for affordable housing, but industry leaders deem it insufficient.

Budget 2012: 1 per cent TDS imposed on property sales.

1% TDS proposed on property transfers exceeding ₹50 lakh in urban areas and ₹20 lakh elsewhere, effective October 1. The move aims to curb unaccounted money.

Union Budget 2012-13: Buying or building of a house will cost more.

Real estate experts anticipate rising costs for home purchases and construction due to increased material prices and a 2% service tax hike, impacting buyers and developers alike.

Builders say that Pranab Mukherjee has ignored ground realty in the Union Budget 2012-13.

Realty leaders express disappointment over budget allocations for housing, calling for stronger support for affordable housing initiatives.

Realty Sector has no resurgence.

India's housing sector's GDP contribution is projected to rise from 5% to 6% due to increased investment, but the 2012-13 Budget lacks substantial support for the real estate industry's growth.

Home Loan Rate Should Be Restructured.

The real estate sector anticipates favorable changes in the Union Budget 2012-13, including increased loan subsidies for affordable housing and enhanced FDI regulations.

Brokers Hunt for Jobs as Slump Hits Realty Sales

Real estate brokers in major Indian cities are switching to other businesses due to a slump in home sales. Smaller players are particularly affected, forcing many to seek jobs in different sectors.

TPG purchases 15% in Shriram Properties

Texas Pacific Group Capital acquires 15% stake in Shriram Properties for INR 450 crore, valuing the firm at over INR 2,700 crore.

Fire Capital Plans to Increase $ 100Million to Invest in Housing Projects

Fire Capital aims to raise $100 million to invest in housing projects across tier-II and tier-III cities in India, addressing severe residential shortages.

State Bank of India Increases Loan Rates

SBI Hikes Loan Interest Rates by 75 bps, Affecting Housing and Auto Loans

Real Estate Firm To Raise Funds

Embassy Developers plans to raise over 513 million US Dollars through an IPO, with pre-IPO placements and potential discounts for retail investors, according to their prospectus.

Yatra Capital to Increase Investment In India

Yatra Capital to invest ₹115 cr in Indian real estate in FY10, focusing on affordable residential projects in tier I and II cities.

IL&FS Plan To Invest In Real Estate

IL&FS private equity plans to boost investments in infrastructure and real estate, increasing commitments significantly by FY10's end, highlighting bullish market outlook.

LIC Housing To Enter Venture Funding

LIC Housing Finance plans to launch a Rs 500 crore real estate fund by the end of this fiscal year. They are seeking a banking partner and will approach SEBI for approval.