23.08.2010 - India: Realty remains a dirty word for regulators
From Business-standard.com: Many feel the fluctuating market prices in real estate does not ensure stability required in banking space. The year is 2007. The Indian stock market is in the midst of a great bull run. Indiabulls, a prominent name in the financial services arena, applies for a licence for mutual fund operations. Cut to 2008. HDIL Constructions and Kumar Housing Corporation apply to the Securities and Exchange Board of India (Sebi) for launching real estate mutual funds...........................................Full Article: Source
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