Tag: Collapse

Government In A Fix Over Lehman Realty Assets

The department of industrial policy and promotion (DIPP) and the Reserve Bank will shortly meet to evaluate the situation arising out of Lehman‚Äôs collapse, as the US giant has $500-million investment in Indian real estate projects. Foreign investment norms for real estate do not allow repatriation of funds within three years of investment. The RBI-DIPP […]