https://www.taxtmi.com/news?id=13637 The policy amendment permits 100% automatic FDI in construction development projects while excluding entities engaged in real estate business, farm house construction and TDR trading. Conditions include minimum floor area requirements for construction projects (no minimum for serviced plots), a mandatory initial FDI infusion within six months of building/layout plan approval with subsequent tranches allowed up to ten years or before project completion, and exit/repatriation permitted on project completion or after provision of trunk infrastructure; early repatriation may be allowed by Government/FIPB on a case by case basis. Only developed plots may be sold and local authorities will monitor compliance. en-us Wed, 03 Dec 2014 16:51:44 +0530 Wed, 03 Dec 2014 16:51:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13637 The policy amendment permits 100% automatic FDI in construction development projects while excluding entities engaged in real estate business, farm house construction and TDR trading. Conditions include minimum floor area requirements for construction projects (no minimum for serviced plots), a mandatory initial FDI infusion within six months of building/layout plan approval with subsequent tranches allowed up to ten years or before project completion, and exit/repatriation permitted on project completion or after provision of trunk infrastructure; early repatriation may be allowed by Government/FIPB on a case by case basis. Only developed plots may be sold and local authorities will monitor compliance. News - Wed, 03 Dec 2014 16:51:44 +0530 https://www.taxtmi.com/news?id=13637