Latest Realty News

To unlock FDI, govt to ease lock-in period for realty
Oct 16, 2013
DELHI: Much to the cheer of foreign real estate developers, those investing in India’s construction sector might be allowed to exit before the mandatory three years stipulated at present. However, for that, they would have to complete the project and procure completion occupancy certificates from local authorities.
Govt to decide soon on relaxing FDI norms for housing sector
Oct 16, 2013
DELHI: The government would soon decide on relaxing FDI guidelines for the housing sector, including easing the three-year lock-in period norm, a senior official in the DIPP said.
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 .
Policy tinkering, hounding firms hit FDI in realty: Sharad Pawar to PM
Oct 01, 2013
DELHI: Expressing concern over dip in FDI in real estate, Agriculture Minister Sharad Pawar has shot off a letter to the Prime Minister stating that tinkering of policies and agencies hounding entities receiving foreign funds is creating negative sentiments.
Industry dept working on relaxing FDI norms for construction
Sep 18, 2013
DELHI: The Government has started work on easing foreign direct investment (FDI) norms in construction development to attract more foreign capital in the cash-strapped sector.
Rupee free fall wipes out meager returns on real estate; makes PE exit painful
Sep 12, 2013
MUMBAI/BANGALORE: The depreciating rupee may have helped improve property sales to NRI buyers, but it isn't helping the saviour of real estate developers — private equity firms — which are not only stuck with their earlier investments, but can't raise fresh funds either.
Easier exit window for foreign investors in infrastructure projects
Aug 26, 2013
DELHI: The government is planning to a give easier exit window to foreign investors in construction, housing and township projects, hoping to spur greater equity inflow into the debt burdened sector and help faster completion of delayed projects.
No proposal to hike foreign investment limit in banks: Govt
Aug 24, 2013
DELHI: There is no proposal to hike foreign investment ceiling in the banking sector, the government said today.
FDI norms need to be revised to provide boost to small developers – NAREDCO
Aug 22, 2013
DELHI: The National Real Estate Development Council (NAREDCO) today urged the Union Government to lower the minimum requirement for developers’ eligibility of Foreign Direct Investment in real estate sector. “This is necessary to bring in more FDI and create more jobs in the real estate sector in the country and help smaller developers meet their funding requirement,” says Sunil Mantri, Vice President of NAREDCO.
Super-luxury project from Puravankara
Aug 12, 2013
BANGALORE: Purva Coronation Square, an extravagant and exclusive property designed with superlative interiors and bespoke embellishments, private pools, private gardens, private elevators and private entertainment zones is soon to come up in Bangalore’s JP Nagar.
Real Estate Bill consumer-friendly but not anti-industry: Girija Vyas
Aug 03, 2013
DELHI: Expressing hope that Parliament will pass the Real Estate (Regulation and Development) Bill in its Monsoon Session, Housing and Urban Poverty alleviation (HUPA) minister Girija Vyas said that the legislation aims to protect consumer interest but was not against the industry.
Large size, tenant & infra mix needed for success of malls: DLF
Aug 03, 2013
DELHI: Large shopping malls with right mix of tenants and good infrastructure would have a greater chance of success going forward, a top official of realty major DLFBSE -6.93 % said today.
Emaar MGF slapped with Rs 8,600-crore penalty notice by ED
Jun 05, 2013
DELHI: The enforcement directorate (ED) has slapped a show-cause notice on Emaar MGF Land, a joint venture between Dubai's Emaar Properties and India's MGF Development, for violation of the Foreign Exchange Management Act to the tune of 8,600 crore.

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