Piramal shelves plans to sell Indiareit

Billionaire Ajay Piramal has shelved plans to sell his property fund management company, Indiareit Fund Advisors, to Religare Enterprises, according to two persons familiar with the matter.......

New Sebi norms to hit real estate funds

Market regulator Securities and Exchange Board of India's norms for alternative investment funds are likely to make life difficult for real estate fund managers, forcing them to adopt new ways to......

Religare may buy 60 per cent in Indiareit

Religare Enterprises, the financial services group promoted by Malvinder Singh and Shivinder Singh, was in advance talks with the Ajay Piramal group to buy a 60 per cent stake in the latter's......

Property prices in Mumbai to fall by up to 15%

Property prices in Mumbai is likely to fall by 10-15 per cent over the next six to nine months on the back of lacklusture sales. Leading real estate sector players attribute the impending fall to......