Kotak Realty invests Rs 244 crore for early completion of Marina Mall

By Accommodation Times Bureau CHENNAI To aid the completion of Marina Mall in Chennai, Kotak India Real Estate Fund has invested Rs 244 crore in OMR Mall Developers Pvt. Ltd. (OMRD), said a top executive of developer Allied Housing. “We have raised Rs 244 crore from Kotak India Real Estate Fund through the

Cisco: $1 billion initiative to fund smart cities

By Accommodation Times Bureau NEW DELHI Cisco has announced a $1 billion programme to help city planners adopt technologies that will transform their communities globally. The funding will be provided through Cisco Capital, Cisco Systems' investment arm, in partnership with private equity firm Digital Alpha Advisors and pension fund investors APG Asset Management

Investment in realty sector at $5 billion: KPMG

By Accommodation Times Bureau Institutional investors have placed up USD 5 billion so far this year into the real estate sector, mostly in commercial assets, according to KPMG. "USD 5 billion invested by institutional investors since the beginning of 2017 - a record year in the making," the consultant said in a statement. The investments are made mostly

Why to Investment in II and III Tier cities in India?

By Student Submission for Accommodation Times Institute of Real Estate Management  Introduction: After incentives allocated by Finance Minister in the current Union Budget 2017-18 for affordable housing, only II and III tier cities will get benefited. All projects in these small cities will be qualify for exemptions. The end user will benefit

Realty reforms to boost offshore funds’ optimism

By Ruchir Sinha, M/s.Nishith Desai Associates Accommodation Times News Services While clouds of uncertainty shroud the real estate sector, our discussions with offshore real estate funds present a rather optimistic picture, even as they remain in wait and watch mode for the next quarter or two. We believe the optimism is

Basic urban infra investment plans for 102 cities approved under AMRUT

By Accommodation Times News Services Seeking to improve basic infrastructure in urban areas, the Ministry of Urban Development today approved an investment of Rs.3,120 cr for enhancing water supply, sewerage network services, storm water drains, non-motorised transport and availability of public spaces in 102 cities, under Atal Mission for Rejuvenation and

Cabinet reviews FDI Policy on investments by NRIs, PIOs and OCIs

By Accommodation Times News Services The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to review of Foreign Direct Investment (FDI) Policy on investments by Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs).  Following are the amendments approved by the