Over 1.6 million positive cases and around hundred thousand deaths have been reported world over, and the number seems to be only growing (at 2.68 percent on a daily basis), as per World Health Organisation’s (WHO) Covid-19 dashboard.

Brick Eagle Capital Advisory LLP plans to raise around Rs 700 crore to invest in affordable housing projects across the country. The category II Alternate Investment Fund (AIF) was recently registered with Securities and Exchange Board of India (Sebi). The funds raised would be invested in affordable housing projects of local developers in the state of Gujarat, Tamil Nadu and Rajasthan.

As urbanization drives the increased need for housing, the need for smart and efficient technologies to support growth will become a must.

Royal Institution of Chartered Surveyors (RICS), leading global body for setting standards in real estate and Indian real estate industry body NAREDCO have joined hands to promote internationally recognized standards, regulations and professionalism in the Indian real estate sector.

JLL India´s Segregated Funds Group has invested Rs 25 Crore in a residential project by Chennai based Vishwakarma Real Estates & Constructions (I) Pvt Ltd. The investment has been carried out through its fund, Residential Opportunities Fund ´I (ROF ´ I), registered with SEBI as AIF category II.

REIT shall invest in commercial real estate assets, either directly or through SPVs. In such SPVs a REIT shall hold or proposes to hold controlling interest and not less than 50% of the equity share capital or interest.

The approval couldn’t have come at a better time keeping in mind the prevailing paucity of funds coupled with an economy that is on the verge of reaching the takeoff stage.

Currently, Grade A office space in the top seven cities of India amounts to around 376 million square feet, and we anticipate that approximately 50% of this space will get listed in next 2–3 years.

To boost the manufacturing sector, especially the SME sector, the 15% investment allowance has been extended to investment in plant and machinery of Rs. 25 crore if made within the next 3 years.