Legal Question in Real Estate Law in India
If a Foreign like to invest in a real estate construction company in India. what is the business ratio allowed as per rules and regulations
4 Answers from Attorneys
A foreigner cannot buy property in India but can incorporate a company, JV, partnership or proprietorship and the so called legal entity can buy the property after taking requisite permissions from govt. authorities.
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02.12.2012
Dear Sir / Madam,
As per the prevailing RBI guidelines, the permissible foreign direct investment (FDI) is limited to 28% for the Real Estate industry in India.
Regards,
FCA Prashant Chavan
Mumbai
(You can also mail me for any further on-line advice at [email protected])
As notified under FEMA and by RBI
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