December 8, 2023: The Securities and Exchange Board of India (Sebi) on December 6, 2023, released the standard framework for calculation of available net distributable cash flows (NDCFs) by real estate investment trusts (REITs), … READ FULL STORY
Update on September 10, 2019: India will have an online database of all cities by 2024 on infrastructure, education and health facilities among others as it aims to create a “culture of data” to … READ FULL STORY
An official of the National Capital Region Transport Corporation (NCRTC) said all three Rapid Rail Transit System (RRTS) commuters will be able to travel from one corridor to another, without changing the train. Interoperability … READ FULL STORY
The Central Public Works Department (CPWD) has prepared a five-year vision document, which seeks to take up a number of initiatives, including creation of Special Purpose Vehicles (SPVs) to execute redevelopment works through alternate … READ FULL STORY
Karnataka’s minister for urban development and housing, UT Khader, on December 12, 2018, said that Rs 91.34 crores have so far been spent on seven cities in the state that have been selected under … READ FULL STORY
The Maharashtra government is mulling a public-private partnership (PPP) policy, under which it plans to acquire land parcels in the Mumbai Metropolitan Region (MMR) and develop low-cost homes, giving further impetus to its affordable … READ FULL STORY
The Telangana government has set up a special purpose vehicle (SPV), which will be jointly promoted by the Hyderabad Metro Rail Limited (HMRL) and the Hyderabad Metropolitan Development Authority (HMDA), to extend the Hyderabad … READ FULL STORY
The cabinet, on November 10, 2017, approved Rs 25,703 crores, for development of an exhibition-cum-convention centre (ECC) at Dwarka, to put the national capital in the league of Shanghai, Hong Kong and Singapore in … READ FULL STORY
The Maharashtra cabinet, chaired by chief minister Devendra Fadnavis, on October 24, 2017, approved the proposal to establish Nagpur-Mumbai Super Communication Expressway Limited, a special purpose vehicle (SPV), which will work as a secondary … READ FULL STORY
Engineering company IRB Infrastructure, on April 25, 2017, became the first firm to announce a public offer in the infrastructure investment trusts (InvITs) space, with a Rs 5,000-crore plus public issue of its fund … READ FULL STORY
The Income Tax (I-T) department, as part of a special investigation and audit into the account books of the Sahara Group’s Aamby Valley Limited (AVL), has slapped a Rs 24,646-crore tax demand and penalty … READ FULL STORY
According to a report on real estate investment trusts (REITs) released by Knight Frank, the domestic environment is ripe for listing of REITs, an investment vehicle that invests in rent-yielding completed real estate projects. … READ FULL STORY
Envisaging an investment of Rs 1 lakh crore in the next five years in the infrastructure sector, the Maharashtra government, on March 18, 2017, proposed to set up a special purpose vehicle (SPV) to … READ FULL STORY
