Industry friendly norms
Fitch Ratings is one of the premier ratings agencies in India and it has predicted immense competition amongst Indian developers owning to possible relaxation of FDI regulations. Filch Ratings presages competition as inevitable if rules on foreign direct investments into India’s property development sector are relaxed. It would however be beneficial for the improvement of [...] Continue Reading »
The government is taking a move that could open up funds flow into the financially stressed sector by proposing relaxation of norms for foreign investment in construction. 100 per cent foreign direct investment is allowed through the automatic route in development of townships, housing and built-up infrastructure, subject to stringent conditions, under current rules. A company owned and controlled by an [...] Continue Reading »
