PNB Finance plans to raise USD 400 million for affordable housing

By Accommodation Times Bureau NEW DELHI To fund affordable homes, PNB Housing Finance plans to raise $400 million via masala bonds. PNB Housing Finance is a subsidiary of Rs 11,400 crore scam-hit Punjab National Bank. According to market sources, World Bank’s arm IFC has agreed to underwrite $150 million from its own funds while

Fund Galore in Real Estate

By Accommodation Times Research Funds are flooded in Real Estate where almost all developed countries looking to explore Indian growth trajectory. Real Estate, after Union Budget 2017 has been in spot light world over. Few deals happening and many have closed the deals. We got news of exit with handsome returns

ASK Group exits projects in Noida, Bengaluru and Thane for Rs.440 Cr with handsome returns

By Accommodation Times Bureau New Delhi,7th Feb, 2017: ASK Property Investment Advisors (ASKPIA), the real-estate private equity arm of a renowned diversified financial services firm ASK Group announced exits from its project investments in Noida, Bengaluru and Thane.  The exits have materialised after demonetisation.   ASK has exited from ATS Infrastructures’ Noida project ‘ATS

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

Investors shy away from Real Estate

Dr Sanjay Chaturvedi, LLB, PhD By Accommodation Times News Services The age old problem of "less liquid" Real Estate is turning away investors. World over real estate is in securitised form and exchange traded products based on real estate including Mortgage Backed Securities and Real Estate Investment Trusts (REITs) have proven real