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Realty players expecting relaxation in norms for FDI (Foreign Direct Investment).
Q: Realty players hoping that Vibrant Gujarat Summint will bring some changes in FDI norms. They expect the relaxing of norms to rejuvenate the sector which is witnessing a slump.

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Latest Answer: Hi Guys, As per CREDAI vice president, the relaxed FDI norms will act as a booster dose for the real estate sector. There had been a deficit of trust from consumers, brokers and investors on builders, which will now be revived. Vibrant Gujarat will provide a boost to real estate sector, which will now get the attention of the government, industries and other countries.
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Govt relaxes FDI policy for real estate sector
Q: The laxity of the lock-in period comes as a major help for the industry. The new rules allow FDI in smaller projects which is a big relief.

real estate
fdi
fdi in construction
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Latest Answer: This is an exceptionally positive step and effectively meets most of the demands made by the industry. Besides, by licencing transfer of shares between two non-resident companies the government has actually opened the floodgates for FDI in the real estate sector.
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Exit rules for foreign investors in construction
Q: Have you read the news today the government has provided flexible two exit routes for foreign investors from construction projects.

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exit norms for foreign investors
fdi in construction
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Latest Answer: One, the foreign investor can exit on completion of a project or after developing main infrastructure like roads, water supply, street lighting, drainage and sewerage. Secondly, foreign investors have also been allowed to back to their own country before or after completion of the project subject to clearance by foreign investment promotion board on a case to case basis.
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