Kumar Mangalam Birla’s retail venture, Aditya Birla Retail, is reportedly open to roping in a financial investor to fund its expansion plans. Even though the company declined comment, it is learnt from sources that the firm is not averse to diluting its equity by about 10% to a sleeping partner. However, it would rather wait [...]

Real estate developer BPTP today said it plans to rise around Rs 1,500 cr through an initial public offer (IPO) by early 2010-11

“We have applied to the Securities and Exchange Board of India (Sebi) for approval. We hope to launch our IPO of Rs 1,500 cr early next fiscal,” BPTP Managing Director Kabul [...]

Large building complexes like offices, housing apartments, malls, multiplexes, which have changed the urbanscape, do not have any mandatory inspections to ensure that building plans and fire safety norms are in place, says
Vivek Shukla
The avoidable tragedy at Carlton Towers in Bangalore on February 23 has once again highlighted the sheer apathy of agencies [...]

Service tax burden imposed by the Union Budget on realty transactions will affect the sector, says Prabhakar Sinha
The Union Budget 2010-11 is a big disappointment to the middle-class urban housing sector. However, it has bet on the economic growth to drive demand in the sector. By tweaking the income slab, finance minister Pranab [...]

Foreign debt, banned in real estate, is finding its way into property firms as bankers and lawyers help builders cobble together new deals to raise money.
Even though foreign loans—better known as external commercial borrowings—are not permitted in construction, property firms have spotted a mechanism where the debt can be provided by foreign institutional investors (FIIs) [...]