- Mar-08 Industrial Parks exempt from restrictions on FDI in real estate [Press Note 2(2005)] provided 66% of area is allocated for industrial activity and no single unit occupies more than 50% of the area
- Apr-08 SEBI (Security & Exchange Board of India) permits mutual funds to launch REMFs
- Apr-08 Tax benefits for Software Technology Parks has been extended by 12 months to March 31 2010
- May-08 MMRDA (Mumbai Metropolitan Region Urban Development Authority) has increased FSI (Floor Space Index) to 4 from 2 in G Block of BKC (Bandra Kurla Complex) subject to payment of premium
- Jun-08 Maharashtra government has increased FSI (Floor Space Index) for slum rehabilitation to 3 for low density slums and 4 for high density slums
- Aug-08 Cap on space for Financial Institutions in IT Parks in Mumbai Metropolitan Region increased to 80% from 30%
- Aug-08 Delhi government plans to rope in private players for slum redevelopment (Read more)
- Aug-08 Developers will have to provide double parking space in all upcoming residential and commercial buildings in Mumbai
The blog will attempt to update its readers with the happenings in the real estate sector.
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