Resources

FDI Eased In The Infrastructure And Construction Sector
June 2005 | India Practice | Regional | Regional Reports

According to the new Foreign Direct Investment ("FDI") policy, up to 100% ownership will be allowed under automatic route in townships, housing, built-up infrastructure and construction-development projects.

Construction development projects would include hotels, resorts, hospitals, educational institutions, housing and commercial premises. The government has also reduced the minimum mandatory area from 100 acres to 25 acres to allow more FDI in the real estate sector.

With 100% FDI in real estate now being allowed, overseas developers are closely looking at the Indian market.