FDI in real estate
India’s relaxed rules for foreign direct investment (FDI) in construction will make it easier for foreigners to invest in real estate. While the promise of capital for those steeped in debt has surely been cheered by the real estate sector, it could bring more pain for buyers back at home. Demand and supply dictate logic- [...] Continue Reading »
Forum Group, Kolkata based real estate giant and a well known name in the commercial and residential infrastructure sector has announced its plans to begin work on a shopping mall and office space in Bhubaneswar. The project titled ‘Esplanade by ‘Forum’ is likely to offer more than 2.5 Lakh square feet to office space, 4 [...] Continue Reading »
Finance minister Arun Jaitley on Thursday made it clear that the government is trying to bring down the taxes and provide boost to the economic activities. He also mentioned that the interest rates for sectors like housing would come down and this will give a boost to the demand in the real estate sector. Since [...] Continue Reading »
Industry experts believe that the global investors may initially focus at major metros than investing in high-risk Tier 2 and 3 cities. It is expected that the government’s move to reduce capitalisation limit to $5 million is likely to attract FDI in the real estate sector. The international players are reluctant to enter the markets, [...] Continue Reading »
The present budget is very much real estate friendly and the realty experts today welcomed the Budget proposals to allow FDI in housing sector and tax incentives for REITs. The industry now is beaming with new hopes and feels that these measures will help boost affordable housing as well as improve investment flows. The Budget [...] Continue Reading »
Arun Jaitley, the Finance Minister has stated that the government will open up the closely controlled sectors of defence and insurance in front of foreign direct investment (FDI). By reducing the minimum built-up area requirement from 50,000 sq m to 20,000 sq m and also cutting the capital requirements of $10 million by half, the [...] Continue Reading »
The minister for commerce and industry Nirmala Sitharaman soon will clarify the stand of the new government of FDI (Foreign Direct Investment). She mentioned that some sectors need money, some technology, some both. The NaMo government is open to FDI in other sectors like defence, railways and construction, however are closed to the idea of allowing [...] Continue Reading »
The Indian Real estate industry is looking at the first budget to be presented by the Modi Government with a lot of expectations. The property sector is looking at the possibility of the solution of the issues that have been plaguing the Indian real estate sector – such as delayed projects, legal quagmire, lack of [...] Continue Reading »
Modi believes in time bound work and had charted out a ten point revival agenda on Thursday. He also urged all his ministries to design a 100 day priority time table. Parliamentary Affairs minister Venkaiah Naidu talked in details about the proceedings of the Cabinet meeting to the reporters. Agenda- Finance Ministry The finance minister [...] Continue Reading »
The foreign trade partners, including the US and the EU are not happy with the decision of the BJP-led Government at the Centre of not allowing foreign direct investment (FDI) in the multi-brand retail sector. Minister of State for Commerce & Industry (Independent Charge) Nirmala Sitharaman informed that press on Tuesday, that the small and [...] Continue Reading »
