Three-year lock-in for FDI in realty ‘not restrictive’

Published: September 17, 2010

The Commerce and Industry Minister, Mr Anand Sharma, said on Thursday that the three-year lock-in period for Foreign Direct Investment (FDI) in the real estate sector is not “too restrictive.”
The comments assume significance as the real estate industry has long been asking for the dilution of FDI lock-in clause.
“I do not see the three-year lock-in [...]

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