Vavasi Group and Chadha Group have bid to acquire Golden Forest India's land assets, potentially marking one of India's largest land transactions.
Foreign venture capitalists invest ₹17,000 crore in Indian assets in Q1, contrasting with FIIs selling ₹15,000 crore in stocks, driven by dipping asset prices and India-dedicated funds.
The government is set to introduce new norms for VC and PE funds, aiming for transparency and equitable distribution of investments across sectors, including real estate.
The finance ministry has dismissed RBI's concerns about real estate mutual funds (REMFs) violating FDI norms, potentially opening new investment avenues in the real estate sector for small investors.
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.
DLF to set up Rs 800cr VC fund for construction, equipment management
Sebi's approval for mutual funds to invest in real estate opens doors for retail investors, promoting transparency and liquidity in the sector despite some restrictions.
Godrej Properties has filed for an IPO with SEBI, proposing to offer approximately 9.4 million equity shares to support its real estate development plans.
Real estate attracted 20% of total investments by venture capital funds and foreign investors in the previous fiscal year.
Sebi's real estate mutual fund guidelines create uncertainty around taxation, valuation, and market entry for developers and fund houses.
SEBI allows real estate mutual funds to invest in properties across 35 million-plus cities and urban agglomerations.
SEBI allows Real Estate Mutual Funds to provide funding relief for Indian real estate sector amid credit challenges
SEBI is considering the introduction of REITs in India, following other financial reforms, according to Chairman C. B. Bhave at a conference in Singapore.
India's 2024 budget lacks major direct real estate tax changes, but personal income tax cuts may indirectly boost housing demand. The awaited REIT clarification and tax holiday for developers didn't materialize.