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Singapore investors bet big on India’s real estate sector

Singapore-based investors are betting big on India’s commercial realty and other sunshine sectors, including logistics and warehousing, real estate consulting firm ANAROCK said in a report. Top Singapore-based private equity (PE) firms such as GIC, Ascendas-Singbridge and Xander are funnelling billions of dollars into India’s realty…

New EV startup Canoo will only sell cars on a subscription basis

Canoo’s first car will be a “lifestyle vehicle,” with a van-like shape. It’s supposed to hit the road in 2021, and will be adaptable to an autonomous future. Image: Canoo Electric vehicle startup EVelozcity, which was founded in late 2017 by three former BMW executives (and ex-Faraday Future employees),…

Maruti Suzuki raises dealer margins on best-selling cars from January

New Delhi: Maruti Suzuki India Ltd, the nation’s top carmaker, has boosted dealer margins for three of its best-selling cars, underscoring a weak domestic car market and increase in operational expenses at its dealerships saddled with rising inventory. Margins have been increased by ₹3,000 per vehicle on Maruti’s…

Tax on your gold and real estate investments

Real estate and gold have traditionally formed a large chunk of Indian investors’ portfolios. However, over the past few years, returns from them have been poor to negative. Apart from keeping gold or real estate for self-use, investments in these two asset classes doesn’t make much economic…

Real estate stocks rally on GST rate cut boost

NEW DELHI: Most real estate stocks were trading higher in early trade on Monday after the GST Council on Sunday cut tax rates on under-construction flats to 5 per cent and affordable homes to 1 per cent, effective April 1. The Nifty Realty index was trading 2.25 per…