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PES may pump in more money in real estate

Posted by BrickAcres on January 14, 2016
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Real estate companies are expected to raise more money from
private equity funds in 2016,after the government simplified fore
-ign direct investment norms for the sector last year.Experts say
PE investments in real estate could even surpass the $4.8-billion
fund infusion seen in 2015,With the way PE investments are str
-uctured, the money is set to be invested in selected cities and
projects.

Simple green norms for real estate

India’s sluggish real estate market may finally get a much needed
boost builders may have to comply with only 12 to 24 environmental
norms,depending on project size,instead of the 100 green rules
that were originally proposed.

Senior officials familiar with the matter said, the environment
ministry is seriously considering a radical trimming of the green
code in building bylaws and the National Building Code. Projects
with built-up size area of 5,000-20,000 sq m will face around 12
conditions, 20,000-50,000 sq m projects will have to reckon with
around 18 conditions, and projects over 50,000 sq m will have to
comply with 20 to 24 ecological compliance conditions.