FDI in Real Es­tate re­laxed

Accommodation Times - - Editorial -

The Gov­ern­ment has is­sued the Press Note No. 10 on 3rd De­cem­ber, 2014 amend­ing the FDI pol­icy re­gard­ing Con­struc­tion Devel­op­ment Sec­tor. Amended pol­icy in­clude seasing 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. FDI IN­FLOWS To­tal FDI into In­dia, since April, 2000, in­clud­ing eq­uity in­flows, rein­vested earn­ings and other cap­i­tal, is US $ 345.29 bil­lion (April, 2000-Septem­ber, 2014). Dur­ing the cal­en­dar year 2014 (i.e. dur­ing Jan­uary- Septem­ber, 2014), FDI eq­uity in­flows of US $ 22.43 bil­lion have been re­ceived. This rep­re­sents in­crease of 24% over the FDI eq­uity in­flows of US $ 18.07 Bil­lion re­ceived dur­ing the cor­re­spond­ing pe­riod (Jan­uary- Septem­ber 2013) of the pre­vi­ous cal­en­dar year (2013). Dur­ing the fi­nan­cial year 201415 (i.e. April- Septem­ber, 2014), FDI eq­uity in­flows of US $ 14.69 bil­lion have been re­ceived. This rep­re­sents an in­crease of 17% over the FDI eq­uity in­flows of US$ 12.59 bil­lion re­ceived dur­ing the cor­re­spond­ing pe­riod (April 2013- Septem­ber, 2013) of the pre­vi­ous fi­nan­cial year (2013-14).

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