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Back to Top of Index Question-67: Can NRIs make investment in companies engaged in real estate development in India ?

April 26, 2017companies Development engaged index India Investment NRIs Real Estate

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Back to Top of Index Question-67: Can NRIs make investment in companies engaged in real estate development in India ?

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Yes. Investment upto 100% in the new issue of equity shares/ convertible debentures of Indian companies engaged in the following areas is allowed: • Development of serviced plots and construction of built-up residential premises; • Real estate covering construction of residential and commercial premises including business centres and offices; • Development of township; • City and region level urban infrastructure facilities including roads and bridges; • Manufacture of building material; • Financing of housing development.