SKB Group: A Leading Real estate Developer of Delhi NCR

Modi paints India as attractive investment destination Making an all-out bid to woo German investors, Prime Minister  Narendra Modi  on Monday promised to make "corrections wherever required" to make India a global manufacturing hub adding it cannot be stopped by "our own rules and regulations". Modi advised top German businessmen and industrialists to not go by "old perceptions" but to come to India and feel the change in the regulatory environment. Modi's pitch for attracting  foreign investors  to boost his 'Make In India' initiative came at the inauguration of the   Indo-German Business Summit  at the Hannover Fair where he and Chancellor  Angela Merkel  opened the India Pavillion. "At the end, it is my advice to you to come and feel the change in India's regulatory environment. Please do not go by old perceptions," he said at the event. "Make in India is a need...We are confident that our journey to make In...

Foreign Direct Investment (FDI) in real estate sector. The government has cleared 10 foreign direct investment ( FDI) proposals entailing Rs 2,857 crore worth of investment Based on the recommendations of FIPB in its meeting held on February 17, government has approved 10 proposals of Foreign Direct Investment amounting to Rs 2,857.83 crore approximately," a statement from finance ministry said. #fdi  #foreign_ direct_ investment  #fdi_in_india  #fdi_in_real_estate_sector For more news about FDI Visit:  http://www.skbdevelopers.com/foreign-direct-investment-fdi.html

Foreign Direct Investment (FDI) in real estate sector: Although 100 per cent foreign direct investment was allowed in townships, housing and built-up infrastructure and construction developments since 2005, the government had imposed certain conditions.   Government expects the new measures would result in enhanced inflows into the construction development sector. The sector is also likely to attract investments in new areas and encourage development of plots for serviced housing given the shortage of land in and around urban agglomerations as well as the high cost of land.   The measure is also likely to result in creation of much needed low cost affordable housing in the country and development of smart cities.   The new policy has also done away with the 2-year lock-in period for repatriation of investment.   "The investor will be permitted to exit on completion of the project or after development of trunk infrastructure i.e. roads, water supply, street...