https://www.taxtmi.com/news?id=13507 The policy permits 100 percent Foreign Direct Investment under the automatic route in the construction development sector subject to conditions on minimum project area, staged timing for initial and subsequent foreign investment, exit linked to project completion or a post-investment period contingent on trunk infrastructure, and case-by-case early repatriation or stake transfer. Investee companies must obtain statutory approvals, develop required internal and peripheral infrastructure, secure architect certification for floor area compliance, and conform to local building regulations; certain project types and socially oriented housing commitments qualify for specified relaxations. en-us Thu, 30 Oct 2014 09:56:57 +0530 Thu, 30 Oct 2014 09:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13507 The policy permits 100 percent Foreign Direct Investment under the automatic route in the construction development sector subject to conditions on minimum project area, staged timing for initial and subsequent foreign investment, exit linked to project completion or a post-investment period contingent on trunk infrastructure, and case-by-case early repatriation or stake transfer. Investee companies must obtain statutory approvals, develop required internal and peripheral infrastructure, secure architect certification for floor area compliance, and conform to local building regulations; certain project types and socially oriented housing commitments qualify for specified relaxations. News - Thu, 30 Oct 2014 09:56:57 +0530 https://www.taxtmi.com/news?id=13507