FDI in pension fund management companies will further increase the volume of assets that can be invested in infrastructure. India needs one trillion dollars (about Rs 52 lakh crore) for infrastructure investments in 12th plan (2012- 17), Assocham said in a statement. Allowing FDI in the pension sector would enable the country to raise the [...]
Posts Tagged ‘Foreign Direct Investment in India’
FDI in pension funds to source infra requirements: Assocham
Posted by propertyagentsindia on January 3rd, 2012
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Policy focus should be on FDI
Posted by propertyagentsindia on January 3rd, 2012
The government’s move to allow foreign retail investors to invest directly in equities is welcome, but only an incremental step to shore up capital inflows. Already, qualified financial investors ( QFI) including individuals, pension funds and trusts are allowed to invest up to $10 billion a year in the stock market through mutual funds instead [...]
Morgan Stanley to invest Rs 600 crore in Mumbai projects
Posted by propertyagentsindia on December 21st, 2011
The global real estate fund of Morgan Stanley is in talks with Mumbai-based Sheth Developers to invest $100 million to $125 million (Rs 530 crore to Rs 600 crore) in a residential project in Mumbai. The Morgan Stanley fund will invest in the unlisted Indian firm’s project in the western suburbs of Mumbai, Business Standard [...]
Fresh Govt push for retail, civil aviation FDI
Posted by propertyagentsindia on December 13th, 2011
The government has not given up on liberalizing the foreign direct investment (FDI) regime despite suffering a setback on allowing foreign retail chains to set up shop in India. Within a week of announcing a pause on FDI in multi-brand retail, it is beginning fresh consultations with stakeholders, starting Tuesday, to get the plan back [...]
India’s Kotak Realty fund raises $98 mln
Posted by propertyagentsindia on December 13th, 2011
Kotak Realty Fund, a unit of Kotak Mahindra Bank, said on Tuesday it raised 5.23 billion rupees ($98.2 million) from domestic investors for a fund that will mainly invest in high-yield debt instruments of real estate developers. The primary focus of the fund will be on residential projects, it said in a statement.
“The financing [...]
Govt Permits SEZ Developers to Sell Part or Full stakes to Other firms Including Foreign Ones
Posted by propertyagentsindia on December 9th, 2011
Five years after the special economic zone policy came into existence, the department of commerce and industry has allowed developers to sell their stake partly or fully to other promoters and firms, including foreign ones. In other words, foreign real estate players will now be able to own SEZs in India , even though there [...]
Canada Based PE Fund SITQ Decides to Shut Down Indian Operations
Posted by propertyagentsindia on December 9th, 2011
Canada-based PE fund SITQ, which had plans to invest up to $1.6 billion in the Indian real estate sector, is shutting down its operations in the country. The fund has not been able to identify deals in the ‘right value’, said a person with direct knowledge of the development. SITQ, which is a part of [...]
India Based Pacific Real Estate Development Plans to foray into Dubai Real Estate
Posted by propertyagentsindia on December 7th, 2011
India-based Pacific Real Estate Development has announced its first property venture in Dubai, the 28-storey luxury tower at Tecom Media City.Announcing the launch, Parvez Khan, founder, Pacific Real Estate Development said, “We are very positive about the real estate market here. Everywhere in the world, the business environment is currently going through upheavals, but we [...]
51% FDI in Retail: Govt Looks for Support from Allies
Posted by propertyagentsindia on December 1st, 2011
The Prime Minister will meet leaders from key ally parties this morning in Parliament to gauge their support ahead of a possible vote on his new policy to allow 51% foreign ownership of store that stock different brands. The Congress must have the DMK and Mamata Banerjee on board – both parties have 18 Lok [...]
Around 50% UAE NRI’s Planning to Buy Property in India
Posted by propertyagentsindia on December 1st, 2011
Nearly half of non-resident Indians (NRIs) plan to buy property in India for investment purposes, according to a survey released by Sumansa Exhibitions. Conducted amongst 15,000 NRIs across the UAE, the survey revealed that Mumbai and Delhi grabbed the top spots as the extremely viable options for property investments since the cities continued to be [...]
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