MUMBAI, MAR 13 : India’s mutual fund (MF) investors will have to wait a little longer before investing in real estate schemes. The concerns of capital market regulator Securities and Exchange Board of India (Sebi), which had decided to go slow on initial public offerings (IPOs) of real estate companies, over the valuations of real estate mutual funds (REMFs) have not yet subsided.
A senior Sebi official, while confirming this, told FE, “Issues regarding the valuation of unlisted real estate companies is one area that still needs to be looked into.” Sebi has sent the proposal to the Institute of Chartered Accountants of India and is awaiting its feedback, it is learnt.
“It may take a while to clear the road blocks and the market may have to wait for a while to invest in REMFs,” the official said. REMFs will invest in the stocks of listed real estate companies or infrastructural projects and also in unlisted real estate companies.
Send an E-Mail for mumbai Property Enquiry!
Related News from Mumbai
A1 Block Lawrence Road Keshavpuram
A1 Block Lawrence Road Keshavpuram is a location in delhi in India. If you have seen A1 Block Lawrence Road Keshavpuram , then write us a review comment or your experience about this site in delhi. This site is to provide information to visitors to this place. Your comment about A1 Block Lawrence Road Keshavpuram is important to us. Please provide you comment / review / article on A1 Block Lawrence Road Keshavpuram in delhi below.
BIT Block No 19 - Sophiya Zubai Road-Nagpada-Parvez Khan
BIT Block No 19 - Sophiya Zubai Road-Nagpada-Parvez Khan is a location in Mumbai in India. If you have seen BIT Block No 19 - Sophiya Zubai Road-Nagpada-Parvez Khan , then write us a review comment or your experience about this site in Mumbai. This site is to provide information to visitors to this place. Your comment about BIT Block No 19 - Sophiya Zubai Road-Nagpada-Parvez Khan is important to us. Please provide you comment / review / article on BIT Block No 19 - Sophiya Zubai Road-Nagpada-Parvez Khan in Mumbai below.
Siemens puts 13 Mumbai apartments on the block
German power equipment and transmission major Siemens has put 13 of its residential properties in Mumbai on the block. The properties, part of the company’s non-core assets, are spread across a total area of over 15,000 sq ft with an average price of around Rs 30,000 a sq ft. The properties are located in prime areas such as Altamount Road, Nepean Sea Road, Bandra, Dadar and Chembur. Siemens wants to take advantage of stability in realty prices. The company plans to raise around Rs 45 crore, with a minimum selling price of an apartment starting from at least Rs 1 crore with
Commercial realty deals seen picking up in BKC
Real estate activity has picked up pace after a long lull in Mumbai’s Bandra Kurla Complex (BKC) as valuations in commercial property across the city recover from the economic slowdown. An unlisted pharmaceutical chemical company has bought 15,000 sq ft of space at Rs 31,000 per sq ft in the 16-storeyed Crescenzo, a standalone corporate building at BKC. Although the valuation of the deal is only around Rs 45 crore, analysts say this is an important deal as it marks the return of commercial realty. Dhaval Shah, director, Parinee Developer, which owns Crescenzo, confirmed the deal, but refused to disclose
simplex realty
simplex realty is a location in Mumbai in India. If you have seen simplex realty then write us a review comment or your experience about this site in Mumbai. This site is to provide information to visitors to this place. Your comment about simplex realty is important to us. Please provide you comment / review / article on simplex realty in Mumbai below.