The government’s Rs 125 billion Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has disbursed funds to two housing projects. And, it reportedly expects to fully deploy its money in two years.
The Securities and Exchange Board of India (SEBI) will auction 12 properties of Ramel Industries in January for a total reserve price of over Rs 16 crore in order to recover money raised by the company from public through illicit schemes, according to reports.
The CW team recently met Ashish Sable, Senior Vice President & Group Head, Debt Capital Markets, SBI Capital Markets, at the Smart Urbanation Summit held in Hyderabad, organised by Smart Cities Council India.
Pune-based real estate company D. S. Kulkarni Developers has proposed to open on August 4, 2014, a public issue of secured redeemable Non-Convertible Debentures (NCDs). The company plans to raise Rs 100 crore with an option to retain over subscription of an equal amount aggregating up to Rs 200 crore.