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The IPO of PowerGrid Infrastructure Investment Trust (InvIT) garnered final subscription of 4.83 times. The institutional and non-institutional portions of the issue were subscribed 4.6 times and 5.1 times, respectively. The price band for the IPO is in the range of Rs 99-100 per unit of Rs 100 each. The total issue size is Rs 7,735 crore. The IPO comprises an offer for sale worth Rs 2,742 crore and fresh fundraise of Rs 4,993 crore. Analysts said the attractive yield on offer of up to 9 per cent appealed to investors. Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed
Updated Mar 17, 2021 | 15:08 IST
Mumbai, Bengaluru and Pune accounted for 67% share of the total housing sales in 2020 and were best destinations for real estate investors Mumbai Metropolitan Area, Bengaluru, Pune top 3 cities for property investment I Representative image | Photo Credit: BCCL
As investors and end-users return to the market after the Covid-19 shock, three regions Mumbai Metropolitan Region (MMR), Bengaluru and Pune have emerged top lucrative markets for property investments, according to a report from property consultant ANAROCK.
It said these three cities remained the most active markets in 2020 – together accounting for a 67% share of the total housing sales (of approximately 1.38 lakh units) recorded in the top 7 cities, and 60% of all new launches of 1.28 lakh units.
With effect from 31 December 2020 Indiabulls Real Estate has appointed Mehul Johnson (DIN: 00016075) as an Executive Director, designated as Jt. Managing
Director and Key Managerial Personnel, on the Board of the Company, for a period of 5 years, with
effect from 31 December 2020, in place of Vishal Damani (DIN: 00358082), who has
resigned w.e.f. 31 December 2020, due to his personal reasons
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to rema