A Real(ty) Risk For India’s Banks

Published: September 28, 2010

India’s real-estate developers are propping up apartment prices. The country’s banks are giving them a hand—at significant risk.
Bank lending to the real-estate sector has grown at a compound annual growth rate of 40% since 2006. That is nearly twice the rate of overall credit growth, amounting to an exposure of $21 billion as of the [...]

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Ansal API to invest Rs 4,500 cr in hi-tech city in UP

Published: September 20, 2010

Realty firm Ansal Properties and Infrastructure (Ansal API) plans to invest about Rs 4,500 crore to develop the second phase of its 2,500 acre hi-tech city adjoining Greater Noida.
According to sources, the company would soon launch the second phase of its integrated township ‘Megapolis’ at Dadri covering 650 acre of area where it would offer [...]

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Three-year lock-in for FDI in realty ‘not restrictive’

Published: September 17, 2010

The Commerce and Industry Minister, Mr Anand Sharma, said on Thursday that the three-year lock-in period for Foreign Direct Investment (FDI) in the real estate sector is not “too restrictive.”
The comments assume significance as the real estate industry has long been asking for the dilution of FDI lock-in clause.
“I do not see the three-year lock-in [...]

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