FDI norms for housing policy

Q: Hi, what is the status for the FDI norms for housing norms?? Are they cleared ?? or still in the verge of discussion.

Gautam Das, Delhi-NCR

14th November 2013

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Hmmmmm people the news also spoke about the the transfer from foreigner to another will be permissible only once, with no possibility of waiver of the fresh lock-in period. Between April 2000 and June 2013, construction development, including townships, housing and built-up infrastructure, in the country received FDI worth USD 22.24 billion or 11 per cent of the total FDI attracted by India during the period.!!!

Saran, Noida

14th November 2013

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The scene is now bit complicated so it is tough to discuss or suggest in the matter . Now the authority is advising that on the exist of FDI before the three-year lock-in period, the note has suggested more relaxations!

Sameer Khan, Delhi-NCR

14th November 2013

Comment

Mr Das according to my knowledge, government today deferred a proposal on relaxing FDI norms for the housing sector. So there are full doubt about the proposal getting approved!

Farhan Iqbal, Delhi-NCR

14th November 2013

Comment

But Mr Farhan what is the reason behind that?? What is government telling?? Kindly update me the news!

Gautam Das, Delhi-NCR

14th November 2013

Hmmm the cabinet now has deiced that proposed easing conditions for exit of foreign players before the three-year lock-in period and also in the current requirement of having a minimum built-up area of 50,000 sq mts to 20,000 sq mts of carpet area for FDI in construction development projects.!!

Farhan Iqbal, Delhi-NCR

14th November 2013