Latest Realty News

Jun 08, 2015
MUMBAI: In a landmark order that would bring FDI in real estate projects under a legal scanner, the Bombay high court declined relief to IDBI Trusteeship Services in what it said was "clearly an attempt at seeking active court assistance to achieve what the law prohibits and that is clearly inconsistent with public interest." The law permits FDI investment in real estate development only in the form of equity and prohibits investment with assured returns, the court said.
Mar 14, 2015
New Delhi: The commerce ministry has clarified that fresh foreign direct investment (FDI) can be brought into a construction project only if the minimum capitalisation requirement of five-million dollar has been achieved within six months of approving the building plan
FDI in construction likely to be eased before PM Narendra Modi's US visit
Sep 18, 2014
Ahead of Prime Minister Narendra Modi’s visit to the United States next week, the government is expected to ease norms for foreign direct investment in the construction sector
Indian real estate market saw significant change during 2005-14: Report
Sep 05, 2014
Indian real estate market witnessed a significant change in the last decade mainly backed by opening up of FDI in the sector and shift in preference to high-rises over traditional low-rise structures, according to a report
Builders seek lower rates, reforms
May 22, 2014
PUNE: The change of power at the Centre and some immediate policy moves can reinvigorate the moribund real estate sector, the developers and builders in the city have said.
Realty sector looking for strong govt to push through reforms
May 02, 2014
HYDERABAD: The Indian real estate market, like most other sectors of the economy, is hoping that a strong Government at the Centre will push through reforms, help the sector gather momentum and thereby attract investments.
Private equity players boost city's real estate market
Apr 22, 2014
PUNE: The unbridled influx of professionals and a local economy, which is relatively less affected by the economic downturn, has renewed interest of private equity players in the city's real estate sector.
Golden State Capital to raise $500 m from REIT listing
Mar 18, 2014
DELHI: Private equity firm Golden State Capital (GSC) said it will set up a real estate investment trust (REIT) to spearhead operations in India. The company, which hopes to raise $500 million (around ?3,060 crore today) by listing the REIT in Singapore, intends to invest $1 billion over the next three years in stabilised offices that are FDI-complaint.
Ministry to take decision tomorrow on FDI in real estate
Feb 27, 2014
DELHI: Foreign Direct Investment (FDI) in real estate sector, the decision will likely to be taken in the next cabinet meeting which is going to be held on Thursday, said Arun Kumar Misra, Secretary, Ministry of Housing & Urban Poverty Alleviation at an ASSOCHAM event held in New Delhi today.
Decision to blacklist Cyprus for not providing tax data will hit developers and realty funds
Feb 07, 2014
MUMBAI/BANGALORE: India's recent decision to blacklist Cyprus for not providing tax data will hit developers and realty funds. Investors who have routed their funds through Cyprus are likely to face a big decline in returns as developers will now be expected to withhold higher tax amounts. So far, these investments were structured around 10% withholding tax, which is likely to jump to 30%.
SEBI proposal on real estate investment trust set to get RBI nod
Dec 27, 2013
MUMBAI: The much-awaited Real Estate Investment Trust (REIT) regime has inched closer to becoming a reality, with the banking regulator keen on approving changes to attract foreign investments.
Curbs on realty foreign direct investment below 50% may stay
Oct 09, 2013
DELHI: The government may reject the urban development ministry's proposal to scrap all restrictions on foreign direct investment below 50% in real estate on the grounds that there can be no exemptions on rules such as minimum area norms.
Govt mulls easing FDI rules for construction development
Oct 08, 2013
DELHI: In a bid to bring foreign money to the cash-strapped realty sector, the department of industrial policy and promotion (DIPP) has moved a Cabinet note seeking relaxation of riders on foreign direct investment (FDI) in the construction development sector. The move comes after FDI in real estate dropped 57 per cent year-on-year in 2012-13 .

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