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Real Estate
Housing sector gets leg-up as RBI to lower minimum risk weight

The minimum risk weight applicable on individual housing loans is 50 per cent, at present.

Government is in talks with the World Bank for funding of smart cities and AMRUT initiative for urban revitalisation.
Waugh Global Realty firm entered the domestic real estate market after launching a portal that will cater to the housing demands of NRIs.
The Union environment ministry's notification says that the eco-sensitive zone around the Okhla Bird Sanctuary has been reduced.
Housing sales fell to 14,250 units during first six months of this year on low demand due to high prices and uncertainty over project delivery.
Piramal Realty will use the money to expand its real estate portfolio, Anand Piramal, executive director of the Piramal Group, told Reuters in a separate interview.
With market dynamics changing, experts say prices are not expected to rise sharply in the near future and those looking for quick returns should stay away.
A Parliamentary Panel has recommended a slew of measures favouring property buyers under a new law which will cover projects of 500 sqm or eight flats.
JLL India has declared Noida Extension, Greater Faridabad and Delhi's L & J zones as 'high-caution' areas.
The court also set up a committee to assess the ecological and environmental damage caused by the seven developers and submit the report within 45 days.
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