Share of domestic investors in real estate market is rising
For the nine month period between January-September 2022, investments in Indian real estate touched US$3.6 billion, registering a hike of 18% y-o-y. Investments in India are getting broader based with increased participation from domestic investors. Newer avenues are evolving like fractional ownership, alternate investment funds (AIFs), and pooled investment structures are providing depth to both […]
India scraps export tax on low-grade iron ore, some steel intermediates
India scrapped export taxes on low-grade iron ore and on some intermediate steel products, after months of complaints from miners and steel makers about loss of foreign sales opportunities. The move, reverses the imposition in May of a 50% tax on exports of iron-ore lumps and fines with less than 58% iron content. The government […]