External commercial borrowing (ECB)
The real estate sector exceeds the expectation from the Budget 2012. The most important announcement made by the government by allowing the external commercial borrowing (ECB) in the construction of affordable housing projects. Also the government gave a relief to the sector by reducing the withholding tax on ECB for affordable housing projects. The real [...] Continue Reading »
External commercial borrowing (ECB) is encouraged in the budget 2012 for the affordable housing projects. However according to analysts the foreign investors will not be interested to invest in the affordable housing projects due to the low profit margin. Also the cost of Indian rupees is volatile, it will be difficult for individual builders to [...] Continue Reading »
