Foreign Direct Investment (FDI) in townships housing, built-up infrastructure and Construction projects

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..... nstruction projects With a view to catalysing investment in townships, housing, built-up infrastructure and construction projects as an instrument to generate economic activity, create new employment opportunities and add to the available housing stock and built-up infrastructure, the Government has decided to allow FDI up to 100% under the automatic route in townships. housing, built infrastruct .....

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..... Iindian partners, The funds would have to be brought in within six months of commencement of business of the Company. ii. Original investment cannot be repatriated before a period of three years from completion of minimum capitalization; However, the investor may be permitted to exit earlier with prior approval of the Government through the FIPB. c. At least 50% of the project must be developed .....

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..... bye-laws, rules, and other regulations of the State Government/Municipal/Local aody concerned. e. The investor shall be responsible for obtaining all necessary approvals, including those of the building/layout plans, deyeloping internal and peripheral areas and other infrastructure facilities, payment of development, external development and other charges and complying with all other requirements .....

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