Sort by :
Filter by :
- RBI denies FII Status to FDIs
Pinnacle Said -With the entry of FDI players into construction, the prices of land continue to rise unabated. The end result could be higher costs of residential and commercial premises, which can be a shade higher than fundamental pricing of a given location.
Any way it goes, i dont see a correction in prices happening at least till mid 2007
Hi pinnacle, let me put it this way.(..in contrary)...
RBI has denied granting FII status to any FDI investment received through private placement of equity by different construction companies. This is taken as a step to keep a check highly booming realty stocks.
Moreover another check/correction made in this regard is that RBI is no mood to allow any relaxation for FDI brought in through private placement by real estate developers, whose projects are not in fulfillment with the guidelines of Department of Industrial Policy and Promotion (DIPP).
This will definitely make a check over real estate developers/ constructors and hopefully bring some correction in Real estate prices that these property developers used to put on their RE projects.CommentQuote0Flag