https://www.taxtmi.com/circulars?id=4276 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. en-us Thu, 03 Mar 2005 00:00:00 +0530 Tue, 30 Sep 2008 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4276 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. Circulars FEMA Thu, 03 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4276