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SEBI fix IPO criterion for Realty sectors

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The Securities and Exchange Board of India (Sebi) has also made it mandatory for whole initial public offering (IPO) to be surveyed by the firms and the rating of IPO will hit town into reaction in a flash.
All realty companies enriching capital through capital reserves will need divulging the facts about their property banks. Also, they will have to put forward the rights status or a concord to buy the property, adds the source at the www.propertykhazana.com.
These companies ought to plan the assessment of property stock on the basis of the property’s present price irrespective of the in prospect positive receptions, said Mr.Damodhar. The conclusion taken by the managers clings to noteworthy significance, said Sameer Kamdar, country head of Mata Securities Pvt. Ltd to www.propertykhazana.com .
Realty-sectors are to lift up Rs 16,000 crore in 2007 through IPOs. And, near about 35% of the Rs. 45,000 crore was liable to be moved up through about latest records. Pleasing a march back in the year 2006, around Rs. 20,000 crore was lifted up from the civic by 73 corporations. Of this, Rs 4,000 crore was thought to be moved up by the realty sectors.
Property developers who have already logged authorization to commence IPOs may be raised to put forward significant facts ahead of giving them the last dip. The move is alleged to fetch clarity in the disjointed realty sector of our state.
Source: NIMMA BENGALURU

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Being in this field for the last 8 years we know what it takes to make someone feel at home. We, at HouseWaala.com Provide you with apartments..
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Being in this field for the last 8 years we know what it takes to make someone feel at home. We, at HouseWaala.com Provide you with apartments..
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