FDI in real estate sector

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FDI in real estate sector

FDI is the very hot topic today in every sector. FDI is the Foreign Direct Investment means foreign companies have investment in India in different sectors which Indian government allowed them to do so. FDI in real estate sector means it is open for the investment by the foreign companies to invest in real estate in India. In India 100% FDI is allowed in housing, infrastructure and built-up sectors since 2005. But now it has imposed some conditions on it.
  • The real estate sector is slowing down since 3-4 years, so government relaxed two major norms from FDI policy in the construction area regarding the minimum built up area and the capital requirement. To boost foreign investment in money starving realty sector, government has eased the some rules for foreign investors.
  • The government has relaxed norms related FDI in October last year but it is again easing the norms by seeing the slowdown in the sector. Government removed all the restriction on the FDI except three years of locking period. It definitely will boost the slowing down real estate sector. As government has given away the restriction on capitalism it allowed the FDI to start any new project with any big amount and size.  Now there will be no locking period for construction of hotels, resorts, educational institutions, SEZs etc. and FDI will not involve in construction of Farm houses, TDRs and in moveable properties.
  • All are expecting in improving liquidity scenario in real estate area. Removing restriction on capital will get more big projects which were not allowed before.  The restriction of bringing funds in the country withing the six months of commencement also removed.
  • After removing all the restrictions on FDI in real estate sector, government has lot of hopes from the sector.
Courtesy:realitymedia.in

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