Former JLL India Capital Markets MD launches real estate invest banking firm

By Accommodation Times MUMBAI Shobhit Agarwal, ex-Managing Director - Capital Markets & International Director of JLL Property Consultants (India) Pvt. Ltd. has launched a real estate investment banking advisors firm, ANB Capital Advisors Pvt. Ltd., today. The firm, headquartered in Mumbai, will focus exclusively on various asset classes of real estate. Mr Agarwal heads a

Centre announces new PPP Policy to promote private investments in affordable housing

By Accommodation Times Bureau Central Government today announced a new PPP Policy for Affordable Housing that allows extending central assistance of up to Rs.2.50 lakh  per each house to be built by private builders even on private lands besides opening up immense potential for private investments in affordable housing projects on

Surrender of tenancy right is capital gain

By Legal Cell, Accommodation Times Bureau It is to be noted that in the instant case what has been transferred by the assessee is the tenancy right which is very much part of the capital asset as envisaged in sub-section (2)(a) of section 55.  Sub-section (2)(a) of section 55 stipulates that

India set to receive $ 4.2 Billion new capital from global sources

By Accommodation Times Bureau INDIA, March 20, 2017 – The amount of new capital available for global real estate investment in 2017 is estimated at USD435bn, according to Cushman & Wakefield’s The Great Wall of Money report, which tracks the amount of newly-raised capital, including debt and equity, targeting real estate at a global level.

Global private equity funds in race to buy Reliance Cement

By Accommodation Times News Service Global private equity funds Blackstone, Carlyle, Barings Asia are competing with cement players JK Lakshmi Cement, JSW Cement, China Resources Cement which have put in initial bids to acquire the cement business of Reliance Infrastructure, part of Anil Ambani-led Reliance Group. The bid values the company