foreign direct investment
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 »
Concerns faced by its state-owned enterprises, including real estate major Emaar and telecom giant Etisalat in India, UAE is expected to take up the matter at the high level investment body meeting next week. A Commerce Department official told Business Line that, Anand Sharma ,Union Commerce and Industry Minister in his meeting with the the Managing [...] Continue Reading »
The urban development ministry is proposing for an important change in the foreign direct investment (FDI) policy for construction sector, which will permit foreign investors to purchase farm land in India. There has been a proposal to relax the FDI rules for construction and housing by the Department of Industrial Policy and Promotion (DIPP). It has suggested that a company owned and [...] Continue Reading »
Indian companies can access funds from abroad through External Commercial Borrowings (ECB) of different kinds. In general, ECB pertains to commercial loans in the form of bank loans, buyers’ credit, suppliers’ credit, securitized instruments (like floating rate notes and fixed rate bonds, non-convertible, optionally convertible or partially convertible preference shares) obtained from non-resident lenders with [...] Continue Reading »
Real estate potential of Bhiwadi has been rising high owing to its affordable prices, sound infrastructure and proximity to Gurgaon and Delhi. For those who cannot afford to invest in NCR regions like Gurgaon, Delhi or Noida, Bhiwadi is a good choice. Industrial hubs of Bhiwadi, Chopanki, Dharuhera and Khuskhera are in the vicinity of [...] Continue Reading »
Delhi- In order to promote low-cost housing projects, the government is planning to allow foreign direct investment (FDI) in such projects, subject to a host of conditions, including a lock-in period and minimum capital requirements. At present, FDI is banned in the real estate business but 100 percent FDIis allowed in the construction development projects [...] Continue Reading »
Pragnya Advisors Pvt. Ltd has invested around Rs 27.5 crore in Bangalore in a Habitat Ventures project and another $5 million in an office space development in Colombo, Srilanka. Pragnya has two real estate-focused funds. The first fund of $40 million was distributed across seven transactions and money from the $50-million second fund is being [...] Continue Reading »
The year 2012 was tough for the Indian real estate sector because of the economic condition and higher construction costs. But 2013 is expected to see an improvement in economic climate and the real estate sector. Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India, a real estate consultancy, said that the Indian real [...] Continue Reading »
Mumbai- Real estate developers who were not able to rent out malls or facing tough time in building shops is expected to look up after the parliament cleared the foreign direct investment (FDI) in multi-brand retail. According to Jones Lang LaSalle, a real estate consultancy, India has recorded a dropdown in the supply of rental [...] Continue Reading »
The Confederation of Real Estate Developers Association (CREDAI), on Wednesday, called for comprehensive reforms in areas related to land administration, banking and taxation to lift the realty sector and support in meeting the shortage of 26 million houses. CREDAI unveiled 10-point agenda to revive the sector, which is facing demand slowdown due to high interest [...] Continue Reading »
