Ajay Maken, the Union Minister of Housing and Poverty Alleviation has made an appeal to the Reserve Bank of India (RBI) for restructuring of loans for affordable housing in case the project is delayed due to extraneous reasons beyond the control of the developer. The Union Finance Minister P Chidambaram has also joined Maken to make the appeal to the RBI.
Tag: affordable housing
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Infrascape 2013 | Real Estate Bill to increase transparency
Given that there are confÂusing signals from our economic data, we are hoping that there will be some policy easing, which will help our cause. Policy initiatives: The introduction of legislation such as the Real Estate Bill is expected to increase transparÂency and boost investor confiÂdence in the Indian market.
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Infra companies keen on Africa
The country's infrastructure companies are increasingly taking up projects in Africa to offset the impact of slowdown in domestic orders because of delayed decision-making by the government, hurdles in land acquisition and environmental clearances.