DIPP proposes further relaxation of FDI for realty

Published: November 24, 2009

The Department of Industrial Promotion and Policy (DIPP) under the Ministry of Commerce and Industry has proposed further relaxation of the foreign direct investment (FDI) norms for the real estate sector.
The department has proposed the removal of the lock-in of three years on original investment made into integrated township development and other construction development projects.
Currently, [...]

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Govt may scrap 3-year lock-in for FDI in Real Estate

Published: November 24, 2009

To boost foreign direct investment (FDI) in real estate, the government may remove the mandatory three-year lock-in period for overseas investments in the sector.
The department of industrial policy and promotion (DIPP) has proposed this move, with a draft cabinet note on the proposal being circulated for inter-ministerial consultations. Doing away with this lock-in period has [...]

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