Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Govt Gives Approval to the Re-development of Mumbai Coastal Slums

Posted: 16 Sep 2010 03:17 AM PDT

Bringing relief to lakhs of slum dwellers in Mumbai’s coastal areas, Environment Ministry has decided to allow re-development of their housing units through joint ventures with 51 per cent Government equity. The Ministry hopes that with Government holding majority stakes, it will prevent land mafia from taking control of such projects. The Ministry has also approved [...]

3 Year Lock-in period to Stay in FDI: Sharma

Posted: 16 Sep 2010 03:13 AM PDT

The government today said foreign investors in the country’s real estate sector will have to remain invested for a minimum of three years and rejected industry claims about the policy restricting FDI inflows. “I do not see the three-year lock-in period as too restrictive. Investors must come with confidence that they are here to stay [...]

No Change in Base Rate Regime for Housing Companies

Posted: 16 Sep 2010 03:07 AM PDT

The National Housing Bank (NHB), the regulator for housing finance companies (HFCs), has deferred the implementation of base rate system for HFCs. Banks have already shifted to the base rate regime from July 1. The Reserve Bank of India (RBI) had asked banks to shift from benchmark prime lending rate system (BPLR) to base rate [...]

NRI Real Estate Investment

Posted: 16 Sep 2010 12:55 AM PDT

Real estate investment has always been a favorite asset class for Indians, and that love does not wane even when he becomes a non-resident Indian (NRI). The reasons are not too far to seek: the NRI understands the lay of the land, and at the back of his mind, the desire to own property back [...]

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