finance minister Arun Jaitley
Upcoming budget plans reveal that the Centre is likely to maintain similar amounts of allocation for infrastructure sectors such as roads and highways with minor cuts in spending if necessary. The newly formed government in May 2014 plans to keep expenditure allocations same for the coming fiscal year. A top source at the Infrastructure Ministry [...] Continue Reading »
Honourable finance Minister Arun Jaitley had introduced FDI in real estate during the maiden budget presented on July 10, 2014 and the contours of the guidelines were finalised in the last few months. It seems that it was a successful move as many countries are already investing in the infrastructure and real estate in India. [...] Continue Reading »
When the Finance Minister Arun Jaitley presented his maiden budget on July 10 this year, there was a lot of expectation in the real estate and infrastructure sector as they were hoping that the new government will take measures to give a boost to these ailing sectors. This year’s budget saw the amendments enacted in [...] Continue Reading »
Finance Minister Arun Jaitley has recently tasked a high-level panel led by Finance Secretary Arvind Mayaram to sketch out a new framework to facilitate Non-Resident Indians (NRIs) to make investments in the country. The Centre’s efforts in having a new framework outlined for NRI investments in India is an apparent indication of the fact that [...] Continue Reading »
Even though the amendments came to force recently in the land acquisition law which was passed by the erstwhile UPA government, the criticism of the new law that has practically stalled all land acquisitions continues. Congress-ruled states have petitioned the new Narendra Modi government to make changes in the law and Nitin Gadkari had spoken to [...] Continue Reading »
The rural development ministry is planning an Rs 12,000-crore boost for the government’s flagship rural roads scheme, the Pradhan Mantri Gram Sadak Yojana (PMGSY). The ministry is seeking funds from the National Bank for Agriculture & Rural Development (Nabard) to provide all-weather road connectivity to eligible habitations. This will be the second financial push to [...] Continue Reading »
The Finance Minister Arun Jaitley was addressing the crowd at a realtors conclave organised by the National Real Estate Development Council in Mumbai on Wednesday. He mentioned in that conclave that his ministry will take into consideration all the possible steps to fulfil the agenda of the PM Narendra Modi’s plan to ensure housing for all [...] Continue Reading »
Prestige Estates Projects Ltd now is the second largest real estate developer by market capitalization after DLF Ltd and they have great expansion plans. They are considering expanding beyond southern India. Post the budget which was unveiled by the Finance Minister Arun Jaitley, the real estate sector is showing a lot of activities. There is a [...] Continue Reading »
The Union Government’s Mission of Low-Cost Affordable Housing aims to support the construction of residential units for 7 crore families. For the actualization of the new scheme, the Government plans to make loans available at lower rates of interest. The Government is hopeful that the interest rates for realty developers will decline, due to the [...] Continue Reading »
The Securities and Exchange Board of India (Sebi) said on Sunday, August 10, that Infrastructure Investment Trusts (InvITs) can make investments in a project either directly or through special-purpose vehicles (SPVs). However, the Sebi guidelines for InvIT investments in projects clearly specify that, in case of public-private partnership (PPP) projects, investments can be made by [...] Continue Reading »
