Latest news with #AIFs
&w=3840&q=100)
Business Standard
6 hours ago
- Business
- Business Standard
Prices of South Delhi luxury independent floors up 105% in 3 yrs: Report
The prices of luxury independent-floor homes in certain South Delhi colonies have increased 64 per cent to 105 per cent in three years due to investments by high-net-worth individuals (HNIs), said a report on Friday. Category A colonies such as Mayfair Garden and Panchsheel Park represent places with the highest circle rates, according to the report by Golden Growth Fund, a real-estate-focused alternate investment fund (AIF). Category B comprises colonies like Andrews Ganj and Defence Colony – places where circle rates fall between the highest (Category A) and lower categories. In Category A colonies, the average price for a 2,500-square-feet floor increased almost 100 per cent in three years: from Rs 8-11 crore to Rs 16-22 crore. The price for a 6000-square-feet floor rose by 105 per cent: from Rs 18-22 crore to Rs 36-45 crore. In Category B colonies, the average price for a 2,500-square-feet floor grew 70 per cent: from Rs 5-6.5 crore to Rs 8.5-11 crore. A 3,200-square-feet floor's price increased 64 per cent: Rs 8-11 crore to Rs 13-18 crore. Ankur Jalan, chief executive officer of Golden Growth Fund, said South Delhi offers privacy and customised space to ultra-rich people like startup founders. 'South Delhi's connectivity to the office hubs in Gurugram and Noida and the airport adds to its appeal. The excellent return on investment is another factor that has added to the growing interest,' he said. Experts have said that HNIs, non-resident Indians and family offices, who earlier invested in local properties without the cushion of compliance and safety, are making investments in AIFs that invest in affluent colonies. Jalan said that with returns as high as 18 per cent to 20 per cent, AIFs have opened a new avenue for these investors. Golden Growth's report said South Delhi is one of India's most premium real estate markets, with per square feet rate in a Category A colony ranging between Rs 60,000 to Rs 90,000 and in Category B colony between Rs 36,000 to Rs 56,000 depending upon floor and colony. The fund previously said the redevelopment potential of South Delhi is worth Rs 5.65 trillion across 42 regulated colonies overseen by the Municipal Council of Delhi (MCD), with occupied and vacant plots in Category A and B colonies alone accounting for over Rs 5.35 trillion. Jalan said that while the real estate market is bullish, South Delhi stands out for consistent demand, reliable investment and substantial returns.
Hindustan Times
11 hours ago
- Business
- Hindustan Times
Prices of 6,000 sq ft luxury floors in South Delhi surge 105% in three years: Alternative Investment Fund
The price of luxury independent floors in South Delhi has risen as much as 105% in the last three years on the back of demand and investor interest, a report by an Alternative Investment Fund has said The price of luxury independent floors in South Delhi has risen as much as 105% in the last three years on the back of demand and investor interest, according to a report by Golden Growth Fund (GGF), a Category-II real estate focused Alternative Investment Fund (AIF). With growing interest from startup founders and businessmen, South Delhi has emerged as an end-user destination with privacy and customised space as primary needs of these ultra-rich habitants. Its connectivity to the office hubs in Gurugram and Noida; and the airport adds to its appeal, it said. According to the report, in Category-A colonies, between June 2022-June 2025, the average price for a 2500 sq. ft. floor has risen by approximately 100% from ₹8 to 11 crore to ₹16 to 22 crore while for a 6000 sq. ft. floor, the price has risen by 105% from ₹18 to 22 crore to ₹36 to 45 crore, it said. In Category-B colonies, between June 2022-June 2025, the average price for a 2500 sq. ft. floor has risen by approximately 70% from ₹5 to 6.5 crore to ₹8.5 to 11crore while for a 3200 sq. ft. floor, the price has risen by approximately 64% from ₹8 to 11 crore to ₹13 to 18 crore, it noted. 'South Delhi is today the most premium real estate market with per sq. ft. rate in a Category-A colony ranging between ₹60,000- ₹90,000 and in Category-B colony between ₹36,000- ₹56,000 depending upon floor and colony,' said Ankur Jalan, CEO, Golden Growth Fund. 'The return on investment is another factor that has added to the growing interest,' he said. In an earlier report, GGF said the redevelopment potential of South Delhi is worth ₹5.65 lakh crore across 42 MCD Regulated colonies with plots (occupied and vacant) in Category A and B colonies alone accounting for over ₹5.35 lakh crore. 'The real estate market in the last three years has been bullish. However, what separates South Delhi from the rest is the consistent demand, reliable and safe investment and substantial returns. Besides, it also boasts of safety of the asset against depreciation of capital,' Ankur Jalan said. Some of the Category-A and B colonies are Mayfair Garden, Panchsheel Park N Block, Panchsheel Park S and E Blocks, Sadhana Enclave, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chankyapuri, Golf Links, JorBagh, Sundar Nagar, Maharani Bagh, Chirag Enclave, GK, Green Park, Gulmohar Park, Niti Bagh. Also Read: South Delhi bungalows gain on Lutyens' with airport connectivity and customization perks 'HNIs, NRIs and family offices, who earlier invested in local properties without the cushion of compliance and safety, are making investments in AIFs that invest in these colonies. With returns as high as 18-20% without the hassle of maintenance, AIFs have opened a new avenue for these investors, Jalan said. Golden Growth Fund is a category II Real Estate focussed Alternative Investment Fund (AIF), a unique financial vehicle specifically designed for real estate investments in South and Lutyens' Delhi, India's poshest colonies.
Time of India
a day ago
- Business
- Time of India
Explained! What Sebi's nod on co-investment within AIFs means for investors, fund managers
Market regulator Securities and Exchange Board of India ( Sebi ) on Wednesday approved a new framework allowing Category I and II Alternative Investment Funds (AIFs) to offer co-investment opportunities directly within the AIF structure. The move aims to ease regulatory hurdles and simplify operations for fund managers and investors . "With an objective to enhance ease of doing business for Alternative Investment Funds (AIFs), the Board approved the proposal to permit Category I & II AIFs to offer Co-investment scheme (CIV scheme) under SEBI (Alternative Investment Funds) Regulations, 2012. This will further facilitate AIFs and investors to co-invest and will support capital formation in unlisted companies through AIFs," a Sebi release said. With this move, the market watchdog aims to streamline investment operations and enhance capital formation in unlisted companies. In market parlance, 'Co-investment' refers to investment made by a manager or sponsor of the AIF or by investor of Category I and II AIFs in unlisted investee companies where such Category I or Category II AIF(s) invests. The decision was taken in Sebi's 210th board meeting held yesterday. Illustration For instance, a scheme of an AIF is investing in a company for Rs 100 crore on behalf of investors in the pool, as part of the scheme's portfolio. If the need of the company is Rs 300 crore, the manager of the AIF, may offer this additional investment opportunity to any investor of the scheme of AIF who may want to invest in addition to their investment through the AIF. Also Read: Sebi board meeting: Regulator approves PSU delisting, IPO reforms, dematerialisation of Securities. 10 key takeaways What Sebi has done? 1) Simplification of current co-investment process Until now, such co-investments had to be routed through the Portfolio Management Services (PMS) framework. This required managers to register under both AIF and PMS regimes, creating compliance and operational hurdles. The new framework removes this dual-regulation burden. 2) Each co-investment gets a separate scheme A unique CIV scheme will be created for every co-investment opportunity, with safeguards to ensure it's used for legitimate purposes and to prevent misuse. 3) Relaxed regulatory norms for CIVs Certain compliance requirements that apply to standard AIF schemes will be relaxed for CIVs to ensure operational ease without compromising oversight. 4) Supports capital formation in startups & unlisted firms The initiative will enable large, flexible capital flows to promising unlisted ventures, benefiting both investors and early-stage companies. The move has been backed by public and industry consultation as the reforms follow the May 2025 public consultation paper, which received broad support from stakeholders. SEBI also factored in inputs from the Alternative Investment Policy Advisory Committee. This move is expected to deepen the Indian startup investment ecosystem by offering investors direct, transparent co-investment paths while enabling AIFs to efficiently structure large funding rounds. Also Read: Sebi board meeting: Regulator eases IPO rules for start-up founders, mandates dematerialisation of securities
Economic Times
a day ago
- Business
- Economic Times
Explained! What Sebi's nod on co-investment within AIFs means for investors, fund managers
Market regulator Securities and Exchange Board of India (Sebi) on Wednesday approved a new framework allowing Category I and II Alternative Investment Funds (AIFs) to offer co-investment opportunities directly within the AIF structure. The move aims to ease regulatory hurdles and simplify operations for fund managers and investors. ADVERTISEMENT "With an objective to enhance ease of doing business for Alternative Investment Funds (AIFs), the Board approved the proposal to permit Category I & II AIFs to offer Co-investment scheme (CIV scheme) under SEBI (Alternative Investment Funds) Regulations, 2012. This will further facilitate AIFs and investors to co-invest and will support capital formation in unlisted companies through AIFs," a Sebi release said. With this move, the market watchdog aims to streamline investment operations and enhance capital formation in unlisted companies. In market parlance, 'Co-investment' refers to investment made by a manager or sponsor of the AIF or by investor of Category I and II AIFs in unlisted investee companies where such Category I or Category II AIF(s) decision was taken in Sebi's 210th board meeting held yesterday. For instance, a scheme of an AIF is investing in a company for Rs 100 crore on behalf of investors in the pool, as part of the scheme's portfolio. If the need of the company is Rs 300 crore, the manager of the AIF, may offer this additional investment opportunity to any investor of the scheme of AIF who may want to invest in addition to their investment through the AIF. ADVERTISEMENT Also Read: Sebi board meeting: Regulator approves PSU delisting, IPO reforms, dematerialisation of Securities. 10 key takeaways Until now, such co-investments had to be routed through the Portfolio Management Services (PMS) framework. This required managers to register under both AIF and PMS regimes, creating compliance and operational hurdles. The new framework removes this dual-regulation burden. A unique CIV scheme will be created for every co-investment opportunity, with safeguards to ensure it's used for legitimate purposes and to prevent misuse. ADVERTISEMENT Certain compliance requirements that apply to standard AIF schemes will be relaxed for CIVs to ensure operational ease without compromising oversight. The initiative will enable large, flexible capital flows to promising unlisted ventures, benefiting both investors and early-stage move has been backed by public and industry consultation as the reforms follow the May 2025 public consultation paper, which received broad support from stakeholders. SEBI also factored in inputs from the Alternative Investment Policy Advisory Committee. ADVERTISEMENT This move is expected to deepen the Indian startup investment ecosystem by offering investors direct, transparent co-investment paths while enabling AIFs to efficiently structure large funding rounds. Also Read: Sebi board meeting: Regulator eases IPO rules for start-up founders, mandates dematerialisation of securities (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
India Gazette
2 days ago
- Business
- India Gazette
SEBI approves relaxation of compliance for FPIs investing only in G-Sec, takes several key decisions
Mumbai (Maharashtra) [India], June 18 (ANI): The market regulator Securities and Exchange Board of India (SEBI) on Wednesday approved a set of relaxations for Foreign Portfolio Investors (FPIs) investing in Indian Government Bonds (IGBs), also known as G-Secs. The decision is part of a series of proposals cleared by the SEBI Board during its meeting that took place in Mumbai. The market regulator has harmonised the periodicity of Know Your Customer (KYC) reviews for GS-FPIs with those mandated by the Reserve Bank of India. SEBI Chairman Tuhin Kanta Pandey made the announcements of SEBI Board decisions on Wednesday. In another critical relaxation, GS-FPIs will be exempt from submitting investor group details, a requirement primarily intended for monitoring equity and corporate bond exposures. Since GS-FPIs are limited to sovereign debt, SEBI has deemed this requirement unnecessary in their Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and resident Indians will now be allowed to be constituents of GS-FPIs. In a procedural relief, the deadline to intimate SEBI about material changes in GS-FPI setup has been extended from 7 days to 30 days. This provides more flexibility to investors while still ensuring regulatory oversight. SEBI clarified that both existing and new FPIs seeking to be classified as GS-FPIs will be subject to conditions that the regulator may specify from time to time. The capital market regulator approved several other proposals in its board meeting, offering significant relief to startup founders, alternative investment funds (AIFs), and listed entities planning qualified institutional placements (QIPs). The SEBI board cleared a proposal allowing startup founders to retain or exercise Employee Stock Option Plans (ESOPs) granted at least one year before the Initial Public Offering (IPO) filing, even after being classified as promoters. Under current norms, promoters cannot hold or be granted share-based benefits such as ESOPs at the time of filing the Draft Red Herring Prospectus (DRHP), forcing them to liquidate these holdings before the IPO. The new proposal addresses the long-standing grievance of startup founders adversely impacted by this restriction, offering a significant policy relaxation that supports founder retention and motivation during the IPO journey. In a move to ease capital-raising by listed firms, SEBI approved amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, simplifying and streamlining placement documents for QIPs. The changes build on earlier efforts to simplify disclosures for rights issues and are designed to reduce duplication of information already available in the public domain. The amendments allow listed entities to make summarized and concise disclosures in QIP documents, enabling quicker and more efficient capital also cleared a long-awaited proposal to allow AIFs to offer co-investment opportunities through a dedicated Co-Investment Vehicle (CIV) under a separate scheme within the AIF structure. This addresses an industry demand that seeks to expand the investment horizon for institutional investors without diluting protections for main scheme participants. In addition, AIF managers will now be permitted to provide advisory services to any investor, regardless of whether their fund has invested in the relevant listed securities. Reversing its earlier decision from December 2024, SEBI has decided not to mandate the hiving off of non-regulated activities carried out by SEBI-registered entities into separate legal entities. The revision comes after internal reviews and industry said angel investors must now qualify as Accredited Investors (AIs). Accreditation involves independent verification of investor status with thresholds updated to reflect current market realities. 'Board approved that Angel Investors will now need to be Accredited Investors (AI). Note that in AI, there is independent verification of investor status, with thresholds that update to the current market levels,' SEBI board added 'In addition, the Board approved a proposal to amend ICDR so that AIs will be included as Qualified Institutional Buyers (QIBs) for the limited purpose of investments into Angel Funds only. This would allow Angel Funds to show opportunities to a wider pool of eligible investors, while staying in conformity with Companies Act,' SEBI added. SEBI also amended ICDR regulations to classify AIs as Qualified Institutional Buyers (QIBs) for the limited purpose of investing in Angel Funds. This change is expected to broaden the eligible investor base for Angel Funds while maintaining regulatory integrity under the Companies Act. (ANI)
