FDI in real estate
In the first quarter of 2013-14, FDI or Foreign Direct Investment into the country saw a rise by eight percent, which amounted to USD 24.3 billion, says a source from the esteemed Department of Industrial Policy and Promotion (DIPP). The last fiscal of 2012-13 the aggregated details came up to USD 22.4 billion, and in [...] Continue Reading »
Arvind Panagariya, a famous economist and professor at Columbia University standing as a forerunner for the key advisor post of the new BJP led government, has recently stated the present priorities of different policies. On being asked about what should be the priority areas for the present government if they want to bring the economy [...] Continue Reading »
“Ab ki Baar Modi Sarkar”, we’ve heard that over the months before the Lok Sabha elections could have happened this year. The orange brigade now in power, Bharatiya Janata Party has made it clear at the centre that there would be a revival when it comes to foreign investments making inroads and the development of [...] Continue Reading »
Mantri Developers is one of India’s leading real estate developers who has to their credit building world class residential properties, IT parks, shopping complexes, commercial buildings and educational institutions. Established by Mr. Sushil Mantri in 1999, the developers have delivered over 6,000 homes, built 20 projects and boast of building over 1 crore square feet [...] Continue Reading »
The government has suggested tighter rules for foreign direct investment (FDI) in real estate in India which will bar a foreign company from repatriating funds even after the mandatory three-year lock-in period in an Indian company. The new norms will make it mandatory for foreign companies to complete at least 50% of the project within [...] Continue Reading »
External commercial borrowing is allowed for low cost affordable housing projects. This is the only positive gain real estate sector achieved from the budget. However the entire real estate is disappointed after the announcement of the budget. The realty sector still not get the industry status. FDI norms for the real estate kept unchanged. Hence [...] Continue Reading »
