Monday , 22 July 2019
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Real Estate

Facebook Hires Ex-Snapdeal CPO Anand Chandrasekaran to Work on Messenger

Signalling how important India is for its growth, Facebook has hired Anand Chandrasekaran, a former Yahoo executive who was working as chief product officer at e-tailer Snapdeal, to boost future prospects for its Messenger app. Based out of Facebook’s Silicon Valley headquarters, Chandrasekaran will focus on building strategies and partnerships for Messenger which hit one billion users in July this ... Read More »


When you talk about the capital of one of the fastest growing countries in the world, you know that this city is worth something huge. Delhi National Capital Region, also known as Delhi NCR, is one of the fastest growing areas in India. With the government looking to invest in building the region’s infrastructure, increasing connectivity to other parts of ... Read More »

Companies use CSR to promote research

Students at the Indraprastha Institute of Information Technology in New Delhi. Last year, the Infosys Foundation invested Rs.15 crore to set up an Infosys Center for Artificial Intelligence at the institute. Photo: Ramesh Pathania/Mint Bengaluru: Philanthropic capital from business houses has been used to build some of India’s finest institutes. Be it Jamsetji Tata, who set up the Indian Institute ... Read More »

Sebi Issues Draft Paper On REIT To Attract Investors, Realtors

New Delhi: With an aim to make REITs more attractive to investors and real estate players, regulator Sebi on Monday proposed relaxed norms for related party transactions and allowed these Trusts to invest more in under-construction assets. Sebi also proposed removal of restrictions on REITs (Real Estate Investment Trusts) relating to investment in special purpose vehicle (SPV) structures while norms ... Read More »

M3M Group To Sell Gurgaon Tech SEZ To Tata Realty For Rs 500 Crore: Report

New Delhi: Real estate firm M3M India has entered into an agreement with Tata Realty and Infrastructure to sell its proposed IT special economic zone (SEZ) at Gurgaon for about Rs 500 crore. M3M India’s subsidiary Mikado Realtors Pvt Ltd had received a formal approval from the Commerce Ministry to develop a 25 acre SEZ for electronic hardware and IT/ITeS ... Read More »

Indiabulls Group Shares Fall On Reports Of Income Tax Raid

Shares of Indiabulls Group companies slumped on Wednesday following media reports about country-wide income tax raids on their offices. Indiabulls Group has interests in real estate development, financial services and lending. DNA newspaper, citing sources, said that raids are being conducted at Mumbai and Delhi offices of Indiabulls Housing Finance, Indiabulls Ventures and Indiabulls Real Estate. Indiabulls Housing Finance is ... Read More »

The Rise Of The Shopping Mall In India: Why Investors Are Betting On It

Investors had shied away from malls amid weak consumer spending and deep discounts by online retailers. HIGHLIGHTS Investors think more people will go to malls as more foreign brands open As e-tailers ease discounts, shoppers will prefer malls, believe investor Blackstone, Xander Group are looking for malls in India New Delhi: E-commerce in India has been booming and online giants ... Read More »

Indiabulls Real Estate Raises Rs 25 Crore Via Debentures

New Delhi: Indiabulls Real Estate said on Tuesday that it has raised Rs 25 crore by issuing non-convertible debentures (NCDs). Last month, the Mumbai-based company had announced that it proposed to raise up to Rs 200 crore through issue of NCDs on a private placement basis. So far, the company has raised Rs 131 crore in three tranches. In a filing to the BSE, Indiabulls ... Read More »

Hrithik’s Ex-Wife Sussanne Khan Sued For 15 Cr by Real Estate Firm

Image courtesy: suzkr. HIGHLIGHTS Mudith Gupta of Emgee Properties filed the suit against Ms Khan Emgee Properties has already filed a complaint with Panaji police Ms Khan has challenged the FIR before Goa Bench of the Bombay High Court A defamation suit seeking Rs 15 crore as damage was filed today against actor Hrithik Roshan’s former wife Sussanne Khan by ... Read More »

Once Red-Hot, UK Real Estate Investments Run Into Trouble

A general view shows a construction site in London. Image: Reuters London: Commercial real estate has hit the headlines this week, a victim of the recent Brexit vote which has left over $20 billion trapped in funds that not long ago promised investors a slice of London’s red-hot property market Money placed in real estate vehicles managed by big asset ... Read More »