FDI norms in construction
With the central union cabinet giving a green signal to the new FDI norms in real estate and construction segment, real estate companies facing heavy debt and sluggish liquidity are hopeful of a turnaround. Real estate experts believe that the relaxation of FDI norms is a win-win situation for both builders as well as buyers [...] Continue Reading »
Commerce and Industry Minister Nirmala Sitharaman has said in a recent statement that the Government is mulling a proposal pertaining to the easing of the norms related to foreign direct investment (FDI) in the construction sector. With Sitharaman disclosing that the Government is currently working on a proposal under which FDI norms in construction development [...] Continue Reading »
The government is taking a move that could open up funds flow into the financially stressed sector by proposing relaxation of norms for foreign investment in construction. 100 per cent foreign direct investment is allowed through the automatic route in development of townships, housing and built-up infrastructure, subject to stringent conditions, under current rules. A company owned and controlled by an [...] Continue Reading »
