No foreign investment is permitted in the Real Estate Sector, except for development of integrated townships and settlements where FDI up to 100% is permitted with prior Government approval.There are certain entry norms which a foreign investor has to follow while investing in Indian property:
-The foreign investor should have a Joint venture (JV) with Indian partner (s).
- The foreign investor should have a fully owned subsidiary in India.
-The foreign investor should have be registered under the Indian Company Act (ICA), 1956.
-The foreign investor should have a record of successful execution of related projects.
I have shared some more viewpoints on the Indian real estate sector in my blog-realtydigest dot blogspot dot com.
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