https://www.taxtmi.com/circulars?id=53124 The revision permits full foreign equity under the automatic route for construction development projects while recalibrating minimum area and capitalization requirements, specifying that minimum FDI must be brought within a defined period from statutory approval of building/layout plans, allowing subsequent tranches up to ten years or until project completion, tying exit or repatriation to project completion or development of trunk infrastructure, and imposing duties on investee companies and local approving authorities to obtain approvals, develop infrastructure, and monitor compliance; certain project types and affordable housing commitments are carved out. en-us Wed, 03 Dec 2014 00:00:00 +0530 Wed, 03 Dec 2014 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53124 The revision permits full foreign equity under the automatic route for construction development projects while recalibrating minimum area and capitalization requirements, specifying that minimum FDI must be brought within a defined period from statutory approval of building/layout plans, allowing subsequent tranches up to ten years or until project completion, tying exit or repatriation to project completion or development of trunk infrastructure, and imposing duties on investee companies and local approving authorities to obtain approvals, develop infrastructure, and monitor compliance; certain project types and affordable housing commitments are carved out. Circulars FEMA Wed, 03 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53124