Foreign Direct Investment (FDI) in real estate sector:
Although 100 per cent foreign direct investment was allowed in townships, housing and built-up infrastructure and construction developments since 2005, the government had imposed certain conditions. 

Government expects the new measures would result in enhanced inflows into the construction development sector. The sector is also likely to attract investments in new areas and encourage development of plots for serviced housing given the shortage of land in and around urban agglomerations as well as the high cost of land. 

The measure is also likely to result in creation of much needed low cost affordable housing in the country and development of smart cities. 

The new policy has also done away with the 2-year lock-in period for repatriation of investment. 

"The investor will be permitted to exit on completion of the project or after development of trunk infrastructure i.e. roads, water supply, street lighting, drainage and sewerage," the circular said.

For more information, Visit:

http://skbdevelopers.com/foreign-direct-investment-fdi.html

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