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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
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