A Fresh Start with a Reflection of the Last Year

The Beginning of the New Year is an occasion for us to reflect upon the passage of time. It is an opportunity for us to sit, reflect and take some firm decisions. The Year 2014 was filled with variety of opportunities, challenges and achievements. It is neither a peekaboo nor a sneak peek but it’s time to reflect and honor the past. Here are some major events listed in chronological order that happened in 2014. Major Indian Events in 2014 8...

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Real estate firms may raise funds via IPO route

After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment. According to Pankaj Jaju, group head, strategic corporate group, Axis Bank, some that wanted to float public issues in 2011-12 but did not proceed might look at tapping the equity markets in six to nine months. The Mumbai-based Lodha group, Delhi-based Emaar MGF, Neptune group and Hindustan Construction’s Lavasa Corp were...

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India a favorite of US firms for investment: Citi

India remains a consensus favourite investment destination for companies in the United States, largely on the back of a 'Modi-Rajan-Commodities trinity', global financial major Citigroup said in a report on Monday. While India is not totally insulated from the adverse global cues emanating from slumping crude oil prices and depreciation in the Russian currency, "it is relatively better-off", economists at Citi said. In its report, the American...

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Cabinet defers approval to real estate bill

The Cabinet on Wednesday deferred the Real Estate (Regulation & Development) Bill, which seeks to ensure consumer protection, establishing regulatory bodies at Centre and states for ethical and transparent business practices in the real estate sector. Sources said the housing ministry has been asked to review the bill to explore how it can be made more consumer-friendly and to have better provisions for promotion of low-cost housing.  Low-cost...

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Real Estate: Why India can build hope

The real estate sector may be hung over from a two-year downturn, but developers say that one thing never changes: The right product at the right ticket size always sells. Real estate developers had hoped that the election of a stable government would boost their fortunes. It’s been six months since the Narendra Modi-led NDA has come to power, but there has been no noticeable change in demand. Unsold inventory continues to pile up across the...

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