• Relax FDI, PE norms for small city
• Relax FDI, PE norms for small city builders • The real-estate industry in Coimbatore wants the Centre to tweak the FDI and foreign Private Equity (PE) investment norms in realestate in small cities so that these fund sources are able to extend them a lifeline. Builders have been approaching them in droves for loans at phenomenal interest rates ranging anywhere from 20% to 36% annually. Magicbricks.com scans media reports for realestate news. The realestate prices in Jaipur are stable for the past one-year. [...]
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