Aug 30, 2013, 10.53 AM | Source: CNBC-TV18
The Housing Ministry has informed the Department of Industrial Policy and Promotion (DIPP) that an easier regime will attract FDI in the affordable housing segment.
Nayantara Rai (more)
Reporter, CNBC-TV18 |
The Housing Ministry has informed the Department of Industrial Policy and Promotion (DIPP) that an easier regime will attract FDI in the affordable housing segment. The proposal suggests halving the minimum built up area norm from 50,000 square meters to 20,000 square meters. It is also talking about a new minimum capitalisation norm. Currently, it is USD 10 million for the industry.
The ministry is suggesting USD 2.5 million in case there is a joint venture with an Indian partner and USD 5 million minimum capitalisation in cases of 100 percent FDI. Right now, there is no separate FDI regime for affordable housing. It is only for the realty sector. So, all eyes are now on DIPP's next move.
FinMin asks PSUs to buy back shares, pay higher dividends
SBI to auction Kingfisher House on March 17
The e-auction will be done under Securitisation an
Bill to regularise illegal houses in budget session: Goa CM
Short Ceat February fut, OBC, Indiabulls Housing: Amit Harchekar
Amit Harchekar of APLUS Analytics recommends short
FinMin seeks public vote on fund allocation for social schemes
"Your views matter!! Which scheme needs more focus
Permitting FDI in e-commerce retail to impact small biz: CAIT
The traders body also said that allowing FDI in e-
Sinha's extension as chief key to tackle global volatility: Srcs
Sources have also informerd that ex- Foward Market
Petronet LNG to renegotiate crude price in ExxonMobil deal: Srcs