Real Estate News Update for August 20
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The Shapoorji Pallonji Group has formed a new holding company, Shapoorji Pallonji Real Estate (SPRE), to consolidate its expansive real estate holdings spread across India’s key cities, and plans to monetise the assets by taking it public soon, said a top executive.
Capital markets regulator Sebi on Monday came out with guidelines for borrowing by Category I and Category II alternative investment funds (AIFs), along with the maximum permissible limit for extension of tenure by Large Value Fund for Accredited Investors (LVFs).
In January 2024, Jyotiraditya Scindia, civil aviation minister, had said that the Navi Mumbai International Airport (NMIA) will commence its operations by March 31, 2025.
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Tamil Nadu govt on Sunday appointed chief secretary Shiv Das Meena as chairman of Tamil Nadu Real Estate Regulatory Authority (TN RERA).
Smartworks Coworking Spaces Ltd, which plans to launch its maiden public issue, has reported a consolidated net loss of nearly Rs 50 crore during the last fiscal year on higher expenses.
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