News articles tagged External Commercial Borrowing

ECB Norms Likely To Be Relaxed to Boost Affordable Housing

Finance ministry officials and RBI plan to meet to discuss relaxing external commercial borrowing norms to enhance affordable housing projects in India.

Affordable Housing Policy for All

India to unveil new affordable housing policy within two months, aiming to boost the weakening real estate sector with incentivized development and streamlined approvals.

Economy and Realty for the Month of March 2012.

The report outlines Chennai's real estate market dynamics, emphasizing service tax changes, ECB, and a projected influx of 67,500 residential units within three years.

Real Estate Sector still waiting for the long pending Industry Status.

The recent budget allows external borrowing for low-cost housing, improving funding availability, but still falls short of the real estate sector's wider expectations.

Realty Sector in Disappointment

Budget 2012-13 proposes external commercial borrowing for affordable housing, a Credit Guarantee Trust Fund, and increased Rural Housing Fund provisions. Real estate players express disappointment, citing increased costs from the cement industry tax and service tax hike.

Realty Sector has no resurgence.

India's housing sector's GDP contribution is projected to rise from 5% to 6% due to increased investment, but the 2012-13 Budget lacks substantial support for the real estate industry's growth.

RBI Changes Norms Regarding ECBs

RBI & DIPP to regulate Real Estate Firms' access to External Commercial Borrowings (ECBs) with stricter norms, citing misuse concerns.

DLF plan could hit barrier

DLF's plans to buy out DE Shaw's investment in DLF Assets may face hurdles due to a FEMA rule classifying fixed-return equity investments as debt.

Realty Sector demands 'stimulus package'

Naredco and Credai have urged the government to ease foreign investment norms and modify regulations to boost funding for ongoing real estate projects amid a credit squeeze.