The Reserve Bank of India is poised to liberalise its foreign loan regime, potentially allowing External Commercial Borrowings (ECBs) in real estate for the first time in three decades. This policy shift, previously resisted due to the ’97 Asian Crisis, aims to bolster the rupee with increased dollar supply and acknowledges the sector’s evolving maturity.
Supreme Court allows conditional OCs for over 450 flats in Noida Sports City
The Supreme Court has directed Noida Authority to issue conditional occupancy certificates for six residential towers in Sector 150’s Godrej Nest project, offering partial relief to over 450 families. This…