Government Initiatives in real estate

The Government has introduced many progressive reform measures to unlock the potential of the sector and also meet increasing demand levels.

• 100 per cent FDI allowed in realty projects through the automatic route.
• In case of integrated townships, the minimum area to be developed has been brought down to 25 acres from 100 acres.
• Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by increasingly larger number of states.
• Enactment of Special Economic Zones Act.
• Minimum capital investment for wholly-owned subsidiaries and joint ventures stands at US$ 10 million and US$ 5 million, respectively.
• Full repatriation of original investment after three years.
• 51 per cent FDI allowed in single brand retail outlets and 100 per cent in cash and carry through the automatic route.