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of <h1>RBI Amends Foreign Exchange Regulations: 100% Investment in Housing, Construction with Specific Conditions Under New Rules</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management Regulations concerning the transfer or issuance of securities by persons residing outside India. Effective from the date of publication, these amendments include provisions for 100% investment in sectors such as townships, housing, and construction projects. Key conditions include a minimum area for development, minimum capitalization requirements, and a restriction on repatriating the original investment within three years. Investors must adhere to local building regulations and ensure infrastructure development before selling plots. Compliance will be monitored by relevant state or municipal authorities.
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