Regulatory actions in last three years

Here is the chronology of regulatory actions in Real Estate in the last 3 years in India.

Feb-10 -Withdrawal of teaser home loan rates by a number of banks ICICI, HDFC, BOI etc
Feb-10 -Budget proposes imposition of service tax on sales/rentals and increases input costs (excise hike).
Feb-10 -RBI disallowed restructuring of loans for real estate developers.
Oct-09 - Increase in provisioning requirements for commercial real estate loans from 0.4% to 1%
Sep 09 - RBI eases lending norms for SEZs (classified as infrastructure lending)
Jul 09 -Extension of 80IB(B) scheme by one year and interest subsidy of 1 %
Jul 09 -Norms relaxation for SEZ development
Jan-09 - ECB norms for overseas lending relaxed
Dec-08 - Home loan rates on below Rs 20L segment to be cut by about 200bps
Dec-08 - Rs40B credit line to National Housing Bank to to kick start lending in the Rs 2MM category (priority sector lending)
Dec-08 - Permitted real estate loan restructuring upto Jun-09 as standard loans without requiring banks to classify these as NPAs
Nov-08 - HFCs allowed to raise short term foreign currency borrowings under the approval route
Nov-08 - Reduction in provisioning requirements on advances to the commercial real estate sector and home loans beyond Rs 2MM to 0.4%
Nov-08 - RBI reduced risk weightings on banks' exposures to commercial real estate to 100% from 150% earlier
May-08 -- Lower risk weight (50%) on home loans upto 30L (20L earlier)
May-07 -Ban on ECB's for township projects. Likely to hit the development plans of large developers
Jan-07 -Increase in provisioning requirements for real estate loans
Sep-06 - RBI asks banks to treat loans to SEZs as real estate loans
May-06 - RBI increases risk weightings on banks' exposures to commercial real estate to 150% from 125%
May-06 - Increase risk weightings and general provisioning of residential housing/commercial loans above Rs 2MM
Apr-06 - FII entry into real estate IPOs comes under scanner with RBI trying to classify it as FDI