Seeking to widen the tax base, the government on Wednesday proposed to tax income distributed by business trusts like REITs and InVITs in the form of debt repayments at the hands of unitholders. “It is proposed to tax distributed income by business trusts in the hands of a unit holder (other than dividend, interest or … Read more
WeWork Inc said on Thursday it plans to cut about 300 roles across countries to cut costs as high inflation weighs on office workspace spending. The New York-based company, which offers workstations, private offices and customized floors, had enjoyed a pandemic-driven shift to flexible work outside traditional offices. But with companies cutting their spending, WeWork … Read more
New features give real estate professionals predictive insights to help sell their clients’ homes in today’s challenging market SANTA CLARA, Calif., Jan. 10, 2023 /PRNewswire/ — In a cooling housing market, real estate professionals may find they have to work harder to win a listing and make a sale. New enhanced listing intelligence features from … Read more
Several professors of JNU and other institutions have accused a former JNU employee of duping them of crores of rupees promising them homes on a DDA plot under a housing development scheme which was never there. After waiting for over seven years, when these academics did not get anything except hollow promises, their patience ran … Read more
BK Modi Group plans to invest about USD 1 billion over the next five years in Indian real estate and wellness space as it sees huge growth potential in these two sectors. In an interview with PTI, group founder B K Modi asserted that there is a tremendous scope of bringing new technologies in the … Read more
A handful of successful real estate investors agree that mortgage interest rates aren’t too high. Of course, they’re higher than what we saw last year, but that was a unique situation. Rather than letting market conditions dictate how you invest, focus on what you can control. A handful of successful real estate investors agree: Stop … Read more
US home sales are extending declines as Federal Reserve tightening boosts mortgage rates. That has helped tame inflation, which is now retreating from four-decade highs. But a housing market slowdown also increases the risk of a recession. Housing could be about to become a key policy puzzle for the Federal Reserve. Market activity has fallen … Read more
Shriram Housing finance (SHF) is a 85% subsidiary of Shriram City Union Finance (SCUF). SHF’s MD & CEO, Ravi Subramanian has informed the following – They are looking to grow both organically and inorganically Organically, the Company clocked a 54% year-on-year loan asset growth to Rs 6,546 crore at the end of September 2022 and … Read more
Kotak Investment Advisors Limited (KIAL) on Tuesday announced that the company has secured an anchor investment of $500 million from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for its 13th Real Estate (RE) Fund, a $1 billion platform targeting real estate investments in India. With this new fund, KIAL has raised, … Read more