https://www.taxtmi.com/news?id=3160 FDI is prohibited in the real estate business except that 100 percent FDI under the automatic route is permitted for townships, housing, built up infrastructure and construction development projects subject to conditions; ECBs are generally not permitted for real estate, though Budget 2012-13 allows ECB for low cost affordable housing, and the Government is not proposing further relaxations of FDI norms for the construction development sector. en-us Fri, 27 Apr 2012 18:13:52 +0530 Fri, 27 Apr 2012 18:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3160 FDI is prohibited in the real estate business except that 100 percent FDI under the automatic route is permitted for townships, housing, built up infrastructure and construction development projects subject to conditions; ECBs are generally not permitted for real estate, though Budget 2012-13 allows ECB for low cost affordable housing, and the Government is not proposing further relaxations of FDI norms for the construction development sector. News - Fri, 27 Apr 2012 18:13:52 +0530 https://www.taxtmi.com/news?id=3160