India relaxes rules for foreign investment in real estate

A labourer sits atop a steel girder at the construction site of a hospital building in Ahmedabad, India, May 6, 2015. REUTERS/AMIT DAVE The cabinet on Wednesday relaxed rules to allow foreign funds to invest in real estate investment trusts (REITs), a move designed to revive the country’s capital-starved property sector. The government introduced REITs … More India relaxes rules for foreign investment in real estate