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  • Pvt capital seeks out small towns

    Sukalp Sharma & Sarika Malhotra, New Delhi, The Financial Express

    November 28, 2011

    Private equity (PE) and venture capital (VC) investments are increasingly moving towards tier-II and III cities like Pune, Hyderabad and Kochi, bypassing old-time favourites like Delhi, Mumbai and Bangalore.

  • Surprise pick Mistry to succeed Ratan Tata

    P.R. Sanjai & John Satish Kumar, Mumbai, Mint

    November 24, 2011

    After an international search and reports of well-known global chief executive officers (CEOs) being considered for the job, the Tata group decided to play it safe and picked a member of the family that has a significant shareholding in holding company Tata Sons Ltd as the successor to the group’s current chief Ratan Tata.

  • Realty giants stall mall projects

    Boby Kurian & Reeba Zachariah, Mumbai, The Times of India

    November 21, 2011

    Big mall openings may pause with new projects drying up in the next one year after cash-strapped real estate developers rolled back investments into glitzy shopping complexes, leaving some retailers worried about their expansion plans. "There won't be many big malls, almost nothing in our reckoning, hitting the market beyond late 2012," says Sameer Sain, Founder & CEO, Everstone Capital, which owns about 14 malls through real estate funds Kshitij and Horizon. This, ironically, might coincide with India's plans to open up multi-brand retail to foreign direct investment (FDI) and allow single-brand retail operations to be 100 percent foreign owned.

  • New accounting rules to hit realty companies top lines, aims to reduce the discretion

    John Samuel Raja D, New Delhi, The Economic Times

    November 11, 2011

    In a move that will depress the top line of several leading real estate companies, an upcoming accounting change aims to reduce the discretion available to them on how to compute revenues. The accounting regulator is working on a 'guidance note' that will, for the first time, define when and how developers should recognise revenues from a project, say two senior officials of the Institute of Chartered Accountants of India (ICAI) working on the note, on the condition of anonymity.

  • Hotel Companies High On Bangalore

    Rajesh Naidu, The Times of India

    November 07, 2011

    In the past few years, Bangalore has emerged as the most preferred city by hotel companies for expansion. Hospitality majors such as Indian Hotels Company (IHC), East India Hotels (EIH) and Hotel Leela Venture have all announced plans to expand in Bangalore.

  • Proposed Real Estate Bill may tighten screws on developers

    Shishir Sinha & Moumita Bakshi Chatterjee, New Delhi, The Hindu Business Line

    November 02, 2011

    Selling a project without registering it with the proposed Real Estate Authority can soon land a developer behind bars, if it involves “criminal intent”. Also, the erring builder may be asked to cough up a heavy penalty. These provisions are part of the draft Real Estate (Regulation and Development) Bill 2011.