What kinds of projects are coming up in Indian real estate that offers a good value to not just NRIs but PIOs and foreigners?
Ans.: The relaxation of FDI in the construction development sector, in March 2006 seeks to give NRIs, PIOs and all foreigners equal opportunity with their Indian counterparts in the Indian real estate sector; and a lot to look forward to. The guidelines set for FDI investment has it that real estate cannot be just bought and sold. For selling it, one has to develop it, construct upon it or fulfil the criteria of one year of minimum development.