industry experts
Government relaxes FDI rules in construction sector
In the Cabinet meeting held on October 29, the government decided to relax rules for allowing FDI in the construction sector. This move is expected to attract more foreign investment in the construction and real estate sector. The minimum built-up area and capital requirement for FDI in construction projects has been reduced to 20,000 sq. […]
Union Budget 2012 Impact on Real Estate in India
The much awaited budget of 2012-13 which was recently presented by the Honorable Finance Minister had no drastic changes for the Real Estate sector as compared to the previous year’s budget. As expected, the personal income tax slab has been hiked and 1% interest subvention scheme continues for an affordable housing in India. According to […]
