Latest Realty News

Government allows Limitless to exit JV with DLF
Dec 11, 2013
DELHI: The government has allowed Dubai-based Limitless to exit its joint venture with realty major DLFBSE -1.96 % and repatriate capital of about Rs 200 crore as the partners were not able to acquire land to develop a project in Karnataka.
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.

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