Mangalore real estate booms as NRIs buy properties after rupee depreciation
MANGALORE: Real estate may have evened out or reeling under pressure due to high interest costs and inflation in other parts of the country. But in Mangalore it’s booming thanks to the NRIs. They are making a beeline for investment following appreciation of foreign currency against the Rupee. PMA Razak, president, Mangalore Chapter of the [...]
Real estate players such as DLF & Unitech build hopes on FDI in retail decision
NEW DELHI: The government’s decision to allow 51% foreign direct investment in multi-brand retail and increase FDI limit in single-brand retail to 100% comes as a whiff of fresh air for the real estate sector, which has been battling slow sales and rising debt for almost two years now. The cabinet’s decision on Thursday may [...]
