FDI is not permitted in Real Estate Business.  However, as per paragraph 6.2.11 of ‘Circular 1 of 2012 – Consolidated FDI Policy’ of the Department of Industrial Policy & Promotion (DIPP), FDI upto 100 per cent is permitted under the automatic route for Townships, housing, built-up infrastructure and construction development projects (which would include, but

The Year 2011 has been marked by significant developments in the Oil and Gas sector as the Ministry of Petroleum and Natural Gas took several important initiatives for the growth of the sector. Some of these include approvals for induction of new partners in upstream-projects, commissioning Bina Refinery, bidding for NELP-IX blocks and acquisition of

Steel sector trends
· India became the 4th largest producer of crude steel in the world in 2010 as against the 8th position in 2003 and is expected to become the 2nd largest producer of crude steel in the world by 2015.
· India also maintained its lead position as the world’s largest producer of

The National Consumer Helpline (NCH) received 11,138 calls during September 2011. In addition to these telephonic calls/complaints, 459 complaints were also received through online complaint system on NCH website.
The maximum calls were received from Delhi followed by Uttar Pradesh, Maharashtra, Haryana and Rajasthan.
Break-up of calls in respect of top five States during September  2011 is

The Economic Times of India Wednesday reported that Texas Pacific Group Capital (TPG) has picked up a 15% shareholding in Shriram Properties, the realty arm of diversified financial services group Shriram Group, for Rs 450 crore. The transaction values the Bangalore-based developer at more than Rs 2,700 crore.
TPG, a US-based private equity firm, currently holds

According to a report carried by the Economic Times of India, JP Morgan has invested $30 million in Parsvnath Developers’ residential project La Tropicana coming up in the Civil Lines area of New Delhi.
The Economic Times said the deal includes an additional funding for the real estate group through JP Morgan’s local NBFC in India.

Singaporean firm Omega TC Holdings is to acquire a minority stake in India’s Roots Corp. Ltd for an investment of Rs 220 crore. Roots Corp Ltd is part of the Tata group of companies and runs budget hotels chain Ginger. The investment will be undertaken in tranches, with the Singaporean firm retaining the option to

Singapore based Ascendas Property Fund Trustee Private Limited, the Trustee-Manager of Ascendas India Trust is to acquire Phoenix Infocity Private Limited’s portfolio of 5 buildings in Hitec City 2 Special Economic Zone, Hyderabad. Two of the buildings are completed and 100% occupied, while the other 3 buildings are expected to be completed over the next

The Economic Times reported Thursday that Homex, a Mexican pre-fabricated affordable housing firm invested Rs 130 crore in the purchase of a residential plot from Kotak India Real Estate Fund I. The 20-acre residential plot is situated in Old Mahabalipuram Road (OMR) in Chennai.  The buying price reflects a purchase price of Rs.6.5 crore per

Kotak Realty Fund, part of the larger Kotak Mahindra Bank reported that it had invested $53.6 million, about Rs 250 crore, in twin realty projects operated by Emaar MGF Land Ltd. Kotak Realty Fund is a unit of the Indian financial services major, Kotak Mahindra Bank and in a press statement, the firm was quoted