Rajeev Talwar

New FDI norms to boost affordable housing segment

The government today relaxed foreign direct investment (FDI) norms in construction sector by removing two major conditions related to minimum built up area as well as capital requirement. This means that any project regardless of size which is under construction can have access to FDI.

RBI cuts rate by 50 bps: It won’t revive the real estate sector; lower home prices will

Most of what is being built by real estate developers will continue to remain unsold. The real estate developers have priced themselves out of the market