Korea may fund Nagpur Expressway

The Maharashtra government may seek financial assistance from South Korea for the MumbaiNagpur Expressway and other projects. Full Story

PFRDA opens Reits for individual subscribers

In a much-awaited move, pension regulator PFRDA has now allowed individual subscribers the freedom to invest up to 5% of incremental subscription in alternative investments like Reits (real estate investment trusts), InvITs (infrastructure investment trusts) and mortgage-based securities among others. 

NDB to lend $2.5 bn next yr: Kamath

The New Development Bank formed by the BRICS nations last year plans to more than double its commitment to support infrastructure projects to the tune of USD 2.5 billion in 2017, its president K V Kamath said.

India Inc unsure of funds for infra

The Narendra Modi-led government is working on infrastructure projects worth $1-trillion, or Rs60-lakh-crore, but a majority of India Inc, burdened with debt and stretched balance sheets, appears sceptical. Most have the same refrain: Where is the money, honey?

Govt to tap global funds for infra push

The government is expected to outline a strategy to tap into the growing interest from global pension funds and other long-term investors to finance infrastructure projects, a move that will also reduce the pressure on it to find resources in the Budget. Full Story

Piramal Fund sanctions Rs1,200-cr for Mumbai realty project

Piramal Fund Management (PFM) today said it has sanctioned Rs 1,200 crore in financing for a high-end residential project being developed by Omkar Realtors in the metropolis. Full Story

CBRE to buy Johnson Control's real estate biz for USD 1.47 bn

Real estate consultancy firm CBRE has entered into an agreement to acquire Johnson Controls' work space solution business GWS for USD 1.475 billion in an all cash deal. Full Story

Watch out before lending to infra: RBI

The Reserve Bank of India (RBI) said the drive to build infrastructure should not trigger financial instability for banks, which are already saddled with mounting bad debts.

IDFC  launch to hit roadblocks

IDFC may find it difficult to open its doors for banking services by October this year. The company has asked the finance ministry for a tax support for its infrastructure bonds to add capital to its balance sheet but it is not working out.

HAM attracts foreign developers

Malaysian contractors have expressed interest in developing the Delhi-Meerut Expressway (DME), the first project which has been identified by the government to be bid out on the its newly conceived hybrid annuity model.

Incentives and exemptions to provide housing sector a much-needed shot in the arm

These moves attempt to address the supply side constraints of developing affordable housing to plug the significant demand gap in this realty segment. Full Story

Brookfield buys Gammon’s infra projects worth Rs6,750-cr

Gammon Infrastructure has sold stake in 9 projects valued at Rs6,750-crore to Brookfield and Core Infra India Fund, a deal that will fetch Rs 563 crore as well as reduce its debt by Rs1,718-crore. Full Story

Bankers’, developers’ ‘once more’ chorus for the teasers gain traction

The RBI should try to understand and take into account the cost involved — floor space index cost, administrative cost, construction cost etc. Full Story

10 cities to compete for smart city funding

Mumbai, Thane, Kalyan-Dombivli, Pune, Nashik, Amravati, Solapur, Nagpur, Aurangabad and Navi Mumbai will now work on preparing their vision. Full Story

Bringing back distressed township projects

How to deploy funds in infra projects