Govt brings clarity in policy for FDI in real estate business - Economic Times

According to a Press Note of the Department for Promotion of Industry and Internal Trade (DPIIT), it is clarified that FDI is not permitted in an entity which is engaged or proposes to engage in real estate business, construction of farm houses and trading in…

To bring more clarity in its FDI policy for the realty sector, the government on Monday "amended and aligned" the existing definitions of the real estate business. According to the Press Note of the… [+2857 chars]

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