From the forthcoming Union Budget 2012, realty sector have much expectation that it will contain some pragmatic provisions which will lower effective price barriers for home-seekers. Broader incentives for development of affordable housing are needed, to encourage more developers to become active in this important sector and increase the supply of budget homes in the […]
Tag: Government
RBI may hike key rates early next fiscal
October 3, 2009 – 5:34 pm
The central bank may unwind its accommodating monetary policy by hiking key rates in the first quarter of financial year 2011. The Reserve Bank of India could resort to monetary tightening to counter the liquidity pressure that could emerge from the expected pick-up in credit in the busy October-March season and Government (both Central and […]
Maharatna status for PSUs
June 23, 2009 – 1:06 pm
Government is considering giving ‘maharatna’ status to big PSUs to provide them greater freedom to take strategic decisions in key areas of investment and mergers and acquisitions. The plan to create the ‘maharatna’ group among the so-called ‘navaratna’ companies is part of the 100-day agenda of the ministry of heavy industries and public enterprise. Currently […]
Hunter Beer Maker Joins Realty Play With Madhya Pradesh Land Buy
May 22, 2008 – 7:04 am
The Bhopal-based Som Distilleries and Breweries, manufacturer of the Hunter beer, has acquired a 50-acre prime plot in Gwalior for Rs 266 crore from the Madhya Pradesh government. The company will develop a retail mall, a theme mall and two hotels — a star hotel and a budget hotel — as well as residential apartments, […]
Private Equity Finds Welcome Mat On Indian Property
April 30, 2008 – 4:33 am
Private equity funds sense their time has come in the Indian property arena, with developers offering plum deals as banks tighten lending and a stock market slump shuts off public share offerings. Since India eased rules on inward investment in the construction industry in early 2005, foreign investors have earmarked an estimated $20 billion for […]
DLF may take up slum rehab projects in Delhi
April 30, 2008 – 4:31 am
Real estate major DLF is drawing plans to take up slum development projects in Delhi, which, though fraught with political risks, could see business worth thousands of crores. A senior DLF official said, “We are preparing an elaborate plan to develop slum areas in Delhi. We have received a very positive response from chief minister […]
Multiple FDI projects may give relief to realty players
April 1, 2008 – 7:02 am
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 […]
