Property News from IndianRealtyNews

Property News from IndianRealtyNews

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India Not Contemplating Any Restriction on FII and FDI- Finance Minister

Posted: 12 Oct 2010 09:20 PM PDT

Finance Minister Pranab Mukherjee has made it clear that India is not contemplating any restrictions on foreign institutional investment (FII) and foreign direct investment (FDI) at this point of time. The Reserve Bank of India, however, would keep a watch on the market situation and take appropriate action as and when necessary, he said during [...]

Govt May Soon Apply New Policy for FDI in Multi-Brand Retail

Posted: 12 Oct 2010 09:10 PM PDT

The Government today indicated that a new policy on foreign direct investment in the politically sensitive multi-brand retail sector will come soon. At present, India does not allow FDI in the lucrative retail sector, which employs 33 million people and is dominated by mom & pop stores (kirana shops). “Let me assure you that it [...]

HUDA Handovers Golf Course Road Maintenance Work to DLF

Posted: 12 Oct 2010 08:59 PM PDT

The Haryana Urban Development Authority (HUDA) is all set to handover Golf Course Roads maintenance work to DLF. The project worth Rs 300 crore, which includes construction of an underpass, flyover and a foot over bridge, will be implemented on a public private partnership (PPP) model. A go-ahead has been given and formalities of [...]

RBI Rejects DIPP Proposal to Give Preference Shares FDI Status

Posted: 12 Oct 2010 08:55 PM PDT

The Reserve Bank of India (RBI) has rejected a proposal of the Department of Industrial Policy and Promotion (DIPP) to allow optionally convertible debentures or preference share as part of foreign direct investment (FDI). Optionally convertible instruments, where pricing is decided on a future date (based on certain milestones), protect investors from upward or downward [...]

Govt Approves Increased Circle Rates in Delhi

Posted: 12 Oct 2010 08:50 PM PDT

Buyers will now have to pay more to own real estate in Delhi with the minimum price at which properties are registered being doubled across the board on Tuesday. The redeeming factor, however, is that the revised circle rates are up to a third less than what revenue officials had proposed for the Cabinet's approval. [...]

Festive Season Expected to Boost Real Estate Demand

Posted: 12 Oct 2010 08:47 PM PDT

Real estate project launches in the country are likely to see a spurt in the months of October and November on hopes of increased demand during the peak festive season, says a report. According to the report released by brokerage firm Religare Securities , the festive discounts and promotional offers by the builders will boost [...]

Marathon Futurex to be India India’s Tallest Commercial Building

Posted: 12 Oct 2010 08:45 PM PDT

The country's tallest commercial building is all set to come up at Lower Parel. Marathon Group has announced the launch of Marathon Futurex, a 165-metre tall building, which is currently in the last phase of construction. The 38-storey building is located at Mafatlal Mills. "The reason for choosing a location on NM Joshi Marg was [...]

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