Government Most Likely to Decide on FDI Norms in Real Estate

housing-sector-FDI-normsNew Delhi: The government is most likely to take a decision regarding the Foreign Direct Investment (FDI) in real estate sector. Arun Misra, Secretary, Ministry of Housing & Urban Poverty Alleviation said that the decision will most likely to be taken in the cabinet meeting which will be held on 27 February, 2014.Arun Misra also added that a large number of clearances out of 45 are digitized by the government and they should be made online clearance systems. More than 43 cities in India have adopted the single window clearance system and this has been done only in the past once years period.Rent control laws must be associated to the state government instead of having the central laws; the next government will concentrate on the amendment of rent control laws with the state government.The state government has to come up with the urban housing policy (UHP), and states like Rajasthan, Karnataka and Haryana have taken a lead in such housing policies across India. Rajiv Awas Yojana, a recently launched scheme prevails on central government support for slum development and affordable housing creation in various areas across the country for which ministry is encouraging public private partnership for future housing stock.Along with the decision over FDI norms in Real Estate sector, the cabinet will also discuss various affordable housing schemes for Economically Weaker Sections (EWS) and Lower income Groups (LIG) and certain solution will be provided for the future developments.The government has worked out measures like availability of land, long tenor finance, cheaper loans, single window clearance and TDR etc to encourage private sector investors to invest in affordable housing segment.займ на карту без отказов круглосуточновзять кредит онлайн

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