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.
Blue Dart leases around 6 lakh sq ft warehouse space in Gurugram
Blue Dart Express Limited has leased a warehouse in Gurugram spanning 6 lakh sq ft for a nine-year term, at a monthly rent of ₹1.02 crore