Govt provides clarity in FDI policy for real estate sector - Moneycontrol

FDI is not permitted in a firm that is engaged or seeks to engage in real estate business, farmhouse construction, or trading in transferable development rights.

The Department for Promotion of Industry and Internal Trade (DPIIT) in its recent press note has changed the existing definition of the real estate business to provide more clarity in the FDI policy … [+1634 chars]

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