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Modi's measures help debt-laden property firms

He scrapped approvals needed for overseas ownership of some projects, barriers to foreign direct investment

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Leverage among India's builders has more than tripled since 2008, according to Mumbai-based brokerage IIFL Ltd.

Singapore

INDIA'S biggest overhaul of rules for foreign investment in real estate since the industry began opening up a decade ago has come just in time for cash-strapped builders facing borrowing costs exceeding 20 per cent.

Prime Minister Narendra Modi scrapped approvals needed

sentifi.com

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