shriram capital group

South India’s realty major Shriram Properties will be soon going public to raise Rs 1,500 crore through its Initial Public Offering (IPO). The IPO is scheduled for launch in March next year

Over 3,500 homebuyers in 3C Company’s Lotus projects – Lotus Panache in Sector 110 and Lotus Boulevard are staring at uncertain times. A two-member bench headed by National Company Law Tribunal (NCLT) president Justice M M Kumar has finally allowed insolvency proceedings against the company after small groups of aggrieved homebuyers approached the NCLT for help after the developer firm turned down their request for refunds. This is the third big realtor in the national capital region after Jaypee and Amrapali against which the NCLT has accepted an insolvency petition. However, unlike 3C Company where the buyers have moved the NCLT, it is the banks which have moved an insolvency petition in the above-mentioned cases.

World’s largest alternative asset manager Blackstone Group and its Indian partner real estate major Embassy Group have received approval from the Securities and Exchange Board of India (Sebi) to launch India's first real estate investment trust (REIT). It was on September 24 that the two had approached the Sebi and filed documents to launch the REIT. The IPO will issue fresh units worth up to Rs 5,250 crore ($750 million).

According to a report published by the Department of Real Estate Studies & Research, Dubai Land Department (DLD), with an investment of over Rs 16,800 crore, Indians have emerged as the largest foreign investors in the city’s real estate sector in the first nine months of 2018. The prime factors attracting Indian buyers to the Dubai real estate sector include active promotion by Dubai-based developers, technological access for buyers through online portals, ease of property registration, assured capital gains, high rental yields, tax-free returns and affordability.

In a report by global consultancy and research firm Centre for Asia Pacific Aviation (CAPA), India's aviation industry will become the third-largest market in the world with regards to departures by 2019, and job creation by 2027. The report also focuses on the apparent saturation likely in existing airports in metro cities and the need to deploy more capacity in Tier-II cities. To welcome the new flyers, the government is developing 100 airports across various locations in the country.