Real estate will raise more money from PEs and other top real estate news of the day

Real estate companies are expected to raise more money from private equity funds in 2016 than last year after the government simplified foreign direct investment norms for the sector last year.

In the New Year, India’s somnolent real estate market may finally get a much needed boost, builders may have to comply with only 12 to 24 environmental norms, depending on project size, instead of the 100 green rules that were originally proposed.

After a prolonged slowdown, the real estate industry is now hoping that new measures by the government such as housing for all and opening up of foreign direct investment alongside softening of interest rates could bring in the much needed push for the sector.