DEMONETISATION NEWS

Demonetisation impact: Realty firms may miss 2016-17 sales targets

Publication: MINT Date : 23 FEBRUARY 2017

Bengaluru: Top real estate firms may fail to meet their sales guidance for 2016-17, clobbered by demonetisation just as they were beginning to emerge from a prolonged slowdown.

 BENAMI PROPERTY NEWS

I-T files 235 cases, attaches benami assets worth Rs 55cr

Publication: TIMES OF INDIA Date : 23 FEBRUARY 2017 PAGE: 12

The income tax department has identified a large number of benami transactions and has registered 235 cases up to February and attached property worth more than Rs 55 crore.

235 benami properties under I-T scanner

Publication: HINDUSTAN TIMES Date : 23 FEBRUARY 2017 PAGE: 08

NEW DELHI, Feb. 23 -- As many as 235 cases have come under the scrutiny of the income tax department and assets worth Rs 55 crore have been attached nationwide under the newly enforced Benami Transactions Act.

REALTY NEWS

Bharti Realty's Growth Formula to be Light on Assets, Heavy on Execution

Publication: ECONOMIC TIMES Date : 23 FEBRUARY 2017 PAGE: 14

Bharti Realty , the real estate development arm of telecom to retail major Bharti Enterprises, is planning to focus on asset-light model of Real Estate Asset Management (REAM) for its future growth instead of buying land parcels on outright basis, said a top company official.

Singapore's Assetz Property to Split its India Business into 3

Publication: ECONOMIC TIMES Date : 23 FEBRUARY 2017 PAGE: 14

Singapore-based property developer Assetz Property said it plans to segregate its business in India into three verticals and will aim to raise funds separately for each vertical.