Tag: Foreign Direct Investment

Frasers Hospitality signs First Three Properties in India

Frasers Hospitality has signed contracts to manage its first three properties in India. June 2009 will see the opening of Fraser Residence Beverly Park, Bangalore, owned by the Skyline Group and managed by Frasers Hospitality. The property will have 50 Gold-Standard serviced residences and is located in the business district of the Hebbal sector, close […]

Current Fiscal FDI may miss target by 10 Billion Dollars

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 […]

Ten Billion Dollar Ready To Make India Entry Through FVCIs

Lack of clarity over foreign venture capital investments (FVCIs) in India has led to 83 applications from foreign venture capital firms piling up with the Reserve Bank of India for approval. Of these, about 28 venture funds (non-real estate funds) which have sought approval have committed close to $10 billion to India, according to lawyers […]

REMF Cleared By Finance Ministry

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 […]

Problem With FDI In Real Estate

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.

Gayatri To Buy Five Infrastructure Companies

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 […]

Red Fort to invest Rs 3,500cr via FDI route

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, […]

Multiple FDI projects may give relief to realty players

Real estate companies, who are bound by strict conditions for bringing in foreign direct investment (FDI), can now look forward to a breather. Companies developing several projects simultaneously are likely to get a waiver on meeting FDI conditions on some if majority of the projects are FDI-compliant. Realty companies are subjected to conditions such as […]