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

FDI in townships allowed under automatic route subject to area, development, capitalization and compliance conditions.

The Government permits 100% FDI under the automatic route in townships, housing, built-up infrastructure and construction projects subject to minimum land or built-up area thresholds, a minimum capitalization requirement with prescribed fund remittance timing, and a repatriation lock-in unless earlier exit is approved. At least 50% of each project must be developed within a stipulated period; sale of undeveloped plots is barred until infrastructure is provided and a completion certificate obtained. Projects must comply with applicable land use, building control and municipal norms, with investors responsible for approvals, charges and compliance, and local bodies monitoring adherence.