Property News from IndianRealtyNews |  |
- No FDI in Real Estate Consultancy Firms: GOVT
- Govt Ready with Final Draft of Real Estate Bill
- HDFC Plans to Raise $600mn from Overseas Investors for Residential & Commercial Projects
| No FDI in Real Estate Consultancy Firms: GOVT Posted: 04 Oct 2011 08:43 PM PDT The government has decided not to allow foreign direct investment (FDI) in real estate consultancy firms, given the perception that this route is used as a conduit for investing in real estate. The Foreign Investment Promotion Board (FIPB) has articulated this view, while rejecting a proposal by the French consultancy firm AOS Studley Group for [...] |
| Govt Ready with Final Draft of Real Estate Bill Posted: 04 Oct 2011 08:06 PM PDT The Centre is ready with the final draft of a real estate bill that makes it compulsory for developers to disclose key aspects like carpet area and layout and promises a safety net for prospective home buyers. If the Real Estate (regulation and development) Bill, 2011 is cleared, developers can even be jailed for up [...] |
| HDFC Plans to Raise $600mn from Overseas Investors for Residential & Commercial Projects Posted: 04 Oct 2011 07:40 PM PDT Housing Development Finance Corp., India's largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people with direct knowledge of the matter Housing Development will seek to raise $600 million for residential and commercial projects in India's largest cities, starting with an investor roadshow in Singapore from November, said one [...] |
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