INVESTMENT IN REAL ESTATE

Regulations governing Foreign Direct Investment (FDI) – Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India), Regulations, 2000

- Part (B) of Annexure (A) – List of activities or items for which FDI is prohibited – Item No. 5. – Housing and Real Estate Business

- Annexure (B) – Sectoral cap on investments by Persons Resident outside India – item no. 6 – housing in real estate – only Non Resident Indian (NRI) – 100% investment cap.

o However, Item 23 – Investment in infrastructure sector – 100%

Investment by Non Resident Indian (NRI) / PIO (Persons of Indian Origin)