Vavasi Group and Chadha Group have bid to acquire Golden Forest India's land assets, potentially marking one of India's largest land transactions.
NRI investment in Indian real estate is booming, driven by strong remittances and the market's stability. Major developers are witnessing a significant increase in NRI sales, particularly in cities like Mumbai, Ahmedabad, and Goa.
The finance ministry has dismissed RBI's concerns about real estate mutual funds (REMFs) violating FDI norms, potentially opening new investment avenues in the real estate sector for small investors.
NRI loan interest rates vary based on borrowing reasons. The RBI's new directive limits lending against NRI deposits, targeting speculative investments in real estate.
Government seeks infrastructure status for SEZ developers to provide easier and cheaper funding options
ICICI Venture to raise $3B from 2 funds, including $1.5B for real estate, targeting residential and commercial properties.
The Indian government acknowledges public demand for reduced home loan interest rates, particularly for loans under Rs 20 lakh, but leaves the decision to banks and the RBI.
SBI has reduced home loan rates, prompting other public sector banks to follow suit, making borrowing more affordable for individuals and businesses.
RBI's decision to hold interest rates steady has disappointed the real estate sector, which is grappling with a housing slowdown. Industry experts express concern over high mortgage costs and anticipate varied impacts across markets.