<h1>FDI Policy Amended: Eased Restrictions in Construction Development to Boost Affordable Housing and Investment in Smart Cities.</h1> The government has amended the FDI policy for the Construction Development sector, easing area restrictions, reducing minimum capitalization, and simplifying project exits. These changes, announced in December 2014, aim to boost investment, particularly in affordable housing, by exempting projects dedicating 30% of costs to such housing from certain restrictions. The relaxed norms are expected to increase FDI inflows, attract investments in new areas, and support the development of serviced housing plots amid land shortages and high costs. The initiative is anticipated to facilitate the creation of affordable housing and the development of smart cities.