FDI in realty
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 »
“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 »
The planned changes in foreign direct investment rules for the realty sector will be discussed by the cabinet this week. The new rules will help realtors to infuse more money into the sagging housing sector by lowering the minimum built-up requirements and minimum capitalisation. The minimum area requirement would be halved from 10 hectares to [...] Continue Reading »
