Hetal

Many of my friends abroad ask me this question:

So, I thought why not discuss this issue with the forum members. Maybe, many foreign investors want to know this. Also, I thought...there cannot be a better platform than this to get hordes of replies.

Your answer can help investments into the country

hema

Thanks for raising a very important issue. You're right.
This is one of the most prioritised question among foreign investors. I'd like to summarize it this way.

Hope this proves to be useful for our investor friends seeking investment opportunities in India.

foreign investors

My only worry about investing in india is the level of corruption that leaves to insecurity. cash is required everywhere. the cost of corruption out does the property price.

I guess the image of India is the biggest killer when it comes to secure foreign investors.

What's the security india has to offer? Is there any company that deals with foreign investors with honesty?

Just a thought why doesnt indians invest overseas countries like Australia and America where the systems well structured and dishonesty leads to jail. And most of all your investments is secured.

ianaam

I see that FDI is limited to "construction/development" projects greater than 50k sq. meters. Does that minimum same size restriction apply to completed/existing commercial structures also?

kannan infratech

What you have said is mostly true. But of late, genuine investors from abroad have been investing in genuine projects and these deals are transparent also. The local laws have to be strictly adhered to. The downside is that it costs more since the taxes are paid properly at every stage. Only when the investor tries to save money by evading taxes, the problems start.

This results in the end product costing a little more than competitors. But it is workable as there are genuine buyers who pay a little premium for honesty.

jambaavan

I think that we are passing through a major phase where more foreign players participate in the Real estate sector.

As a result of which old archaic pratcises will be out.More transparency will set in and also rules will be put in place for better valuation and guinineness.

vikas Arora

According to FDI press note 2, These are the criteria for FDI investment.
1. Minimum Area to be developed In case of serviced housing plots the minimum area should be 10 hectares and in case of construction development the minimum area should be 50,000 sqmtr.

So the minimum size restriction apply to all projects

cajawahar

dear friend a foreigner can buy lands in india for making investments permitted as per FDI regulation. for example, a foreigner want to do a housing proejct india, he can buy the property and do the business

pradip56

Can you please clarify my following doubts:

1. Can a foreigner ( Not NRI ) buy 50 --100 flats from a under construction project in his / her name directly by filling the builder application forms. If so, what are the procedures to transfer the funds to builders account ?

2. Can he sell out the bought flats as per his convenience and transfer the funds to his foreign account?

3. Can he able to rent out those flats and can he transfer the collected rent to his foreign account ?

If all the above questions are resulting "No" , then what are the other alternatives to make it "YES"....