Govt May Remove 3-Year Lock-In For FDI in Real Estate

The government is likely to remove the mandatory three-year lock-in period for overseas investments in the sector, to boost foreign direct investment (FDI) in real estate. This move has been proposed by the department of industrial policy and promotion (DIPP), with a draft cabinet note on the proposal being circulated for inter-ministerial consultations. To remove the 3-year lock-in period has been a long-standing demand of Indian developers as well as foreign investors.

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