https://www.taxtmi.com/circulars?id=11967 ECB are permitted under the approval route for low cost affordable housing and eligible slum rehabilitation projects where at least 60% of permissible FSI is for units up to 60 sq m. Developers and qualifying HFCs may borrow subject to detailed eligibility criteria, financial thresholds, loan caps to individual buyers, and mandatory full hedging into rupees. NHB is the nodal agency to certify project eligibility and may raise or on lend ECBs; FCCBs are prohibited and other ECB parameters remain applicable. en-us Mon, 17 Dec 2012 00:00:00 +0530 Mon, 17 Dec 2012 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11967 ECB are permitted under the approval route for low cost affordable housing and eligible slum rehabilitation projects where at least 60% of permissible FSI is for units up to 60 sq m. Developers and qualifying HFCs may borrow subject to detailed eligibility criteria, financial thresholds, loan caps to individual buyers, and mandatory full hedging into rupees. NHB is the nodal agency to certify project eligibility and may raise or on lend ECBs; FCCBs are prohibited and other ECB parameters remain applicable. Circulars FEMA Mon, 17 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11967