Aunj Puri, Chairman & Country Head, Jones Lang LaSalle India has a mixed reaction to Union Budget 2012-13 as he seems that the Indian real estate sector does not have much to cheer about. Exempting proceeds from the sale of a residential property from Capital Gains tax if they are invested in equity or equipment […]
Tag: FDI
Foreign investment in agriculture
September 23, 2009 – 7:33 pm
Despite natural benefits, agriculture continues to languish for need of adequate investment and policy support. The case for reviving agriculture to meet the rising food needs of countries having huge population. The global food price crisis of last year highlighted the requirement to boost farm production and productivity through higher investment. The need to broden […]
India’s FDI increases
September 18, 2009 – 4:34 pm
India’s FDI inflows reached to 41.5 billion dollars last year, constituting 9.6% of its gross fixed capital formation, against just 1.9% annual average in 90s. India attracted 41.5 billion dollars in FDI last year, its outward flows or overseas investments amounted to 17.7 billion dollars, roughly 4.1% of its gross fixed capital formation. This is […]
Realty Sector demands ‘stimulus package’
November 12, 2008 – 7:08 am
National Real Estate Development Council (Naredco) and the Confederation of Real Estate Developers’ Associations of India (Credai) has petitioned the Government to ease foreign direct investment and external commercial borrowing norms and formulate a policy for rescheduling of term or construction loans to facilitate the roll-over of existing debt. The request has also to be […]
Current Fiscal FDI may miss target by 10 Billion Dollars
October 3, 2008 – 6:55 am
The foreign direct investment to the country may miss the current fiscal target by as much as $10 billion in the backdrop of a global economic slowdown and the US financial crisis, CEOs said in a survey. In a survey of CEOs by industry body Assocham, majority said India could optimally receive about $25-26 billion […]
Gaziz Globe And Big Shopping Group From Israel To Invest In India
July 21, 2008 – 4:52 am
The Indian real estate market is set to witness the entry of investors like Gaziz Globe and Big Shopping Group from Israel, Mirax from Russia and a few others from Eastern and Western Europe. Together, these investors are likely to invest around Rs 10,000 crore in Indian property that is FDI compliant, in the coming […]
Problem With FDI In Real Estate
July 14, 2008 – 6:05 am
Before the globally-popular real estate mutual funds (REMF) take off here, RBI has raised a red flag. It has argued that the funds would lead to circumvention of foreign direct investment (FDI) in real estate that places limitations on foreign investors.
Government will scrutinize investments from tax-haven island nations
July 8, 2008 – 7:04 am
The government is planning to scrutinise investments flowing in from tax havens such as Andora, Aruba, Bahamas, Costa Rica and Dominica where investor details remain confidential due to banking policies. According to sources in the department of industrial policy and promotion (Dipp), the government is concerned about Indian residents parking money in the island nations […]
Gayatri To Buy Five Infrastructure Companies
May 27, 2008 – 3:53 am
Infrastructure firm Gayatri Projects is all set to acquire five smaller infrastructure firms in the country, paving the way for its inorganic expansion. The company plans to fund these acquisitions through divestment of 49% equity in favour of Australian multi billion-dollar wealth management firm AMP. The latter will bring to the table Rs 200 crore […]
Rakindo Plan To Set Up $250-m Arm May Get Okay
May 8, 2008 – 3:42 am
Chennai-based real estate developer Rakindo Developers’ proposal to set up a wholly owned subsidiary with $250-million FDI from Dubai-based Rakeen Development is expected to get Cabinet clearance on Thursday. Rakindo has plans of building a $1.5-billion (Rs 6,000- crore) integrated township at Coimbatore which will be ready for launch after the CCEA clears the FDI […]
Red Fort to invest Rs 3,500cr via FDI route
April 23, 2008 – 5:12 am
Red Fort Capital Advisors, a real estate equity firm, will invest three thousand five hundred crore in residential and hospitality projects all over the country, including seven hundred crore in Chennai. The funds will be channelized through the foreign direct investment (FDI) route. The money will be invested in real estate projects such as commercial, […]
