Property News from IndianRealtyNews

Property News from IndianRealtyNews

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22.2% Decline Reported in FDI Inflows during April-Feb

Posted: 13 Apr 2011 11:48 PM PDT

India’s foreign direct inflows fell 22.2% during April-February though recent corporate announcements indicate that the declining trend may be checked in the current financial year. According to the latest data released by RBI, FDI inflows during 11 months of the financial year were estimated at nearly $26 billion, compared to $33.34 billion a year ago. [...]

US Seeks Relaxation in Retail FDI Norms

Posted: 13 Apr 2011 11:45 PM PDT

In a bid to cash in on the booming organised retail sector in India, the US Department of Commerce on Wednesday said it would approach the Indian government seeking a relaxation in the retail Foreign Direct Investment (FDI) norms. Currently, India allows a 51 per cent FDI in single-brand retail and 100 per cent in [...]

Residential Prices Slated to Decline in Delhi-NCR and Mumbai

Posted: 13 Apr 2011 10:04 PM PDT

Weighed down by a piling up inventory as customers stay away, property prices in India’s key markets are slated to decline, while in other cities the trend is likely to be divergent . Apart from the fall in affordability of customers, due to a rise in property prices and interest rates, the other reason is [...]

CREDAI Aims Transparency: Makes it Mandatory to Mention Carpet Area in Brochures and Sale Agreement

Posted: 13 Apr 2011 09:38 PM PDT

Confederation of Real Estate Developers’ Association of India (Credai) on Wednesday said it has made mandatory for all members of the association to mention carpet area in their brochures and sale agreement, aiming to bring in transparency in the sector. Credai, which has over 10,000 builders as member across the country, has decided that in the [...]

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