Tag Archives: Apex

REMF Cleared By Finance Ministry

July 29, 2008 – 11:36 pm

The cloud on real estate mutual funds (REMF) has lifted. The finance ministry has brushed aside RBI’s concerns of REMFs violating foreign direct investment (FDI) norms in the realty sector. North Block has said the central bank’s concern stating that REMF scheme notified by Sebi in April contradicted FDI norms was unwarranted.
The finance ministry view [...]

By manish | Posted in Real Estate News | Also tagged , , , , , , , , , | Comments (2)

RBI Limits Private And Public Sector Banks For NRI Matters

June 28, 2008 – 1:26 am

NRI loan interest rate depends a lot on the reason of borrowing. When the reason is to invest in share or commercial immovable property market, the interest rate to be paid is higher than any loan borrowed by the NRI to be invested at an employment generating project.

By Rajani | Posted in Real Estate News | Also tagged , , , , , , , , , , , , | Comments (2)