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November 2, 2006

INDIA: Maharashtra looks at FDI in housing

Source: the Financial Express

MUMBAI, NOV 1: Maharashtra chief minister Vilasrao Deshmukh on Wednesday, unveiled a draft on housing policy for the state.

The first-of-its-kind policy aims at de-regulating the housing sector by encouraging foreign direct investment (FDI), establishing a Housing Sector Regulatory Commission to safeguard the interests of various stakeholders, streamlining the building approval procedure, rationalisation of the development control rules, and creation of a dedicated housing infrastructure fund.

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Posted by pichu at November 2, 2006 7:56 AM