1800 21 21 000
+91 8447320000

National: RBI proposes norms for realty firms with FDI

The Reserve Bank of India (RBI) has proposed that the minimal capitalization requirement for any construction and real estate company with more than 75 per cent of foreign holding should be increased from five million dollars to ten million dollars. This move will be justified if the particular real estate firms are treated as a completely owned subsidiary of the foreign company.

One of the reasons why such a step has been taken is to ensure that there is no ambiguity with respect to foreign investment norms in this sector.

This entry was posted in Newsletter. Bookmark the permalink.

Comments are closed.

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.