India:
Construction Development
03 February 2015
S&A Law Offices
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The Government has issued the Press Note No. 10 on 3rd December,
2014 amending the FDI policy regarding Construction Development
Sector. Amended policy includes easing of area restriction norms,
reduction of minimum capitalization and easy exit from project.
Further, in order to give boost to low cost affordable housing, it
has been provided that conditions of area restriction and minimum
capitalization will not apply to cases committing 30% of the
project cost towards affordable housing.
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