Jul. 13 – The Department of Industrial Policy and Promotion is studying a proposal to allow foreign real estate companies to repatriate all their profits except the minimum initial investment of US$5 million.
This will apply to foreign companies in a joint venture with a local developer and will effectively limit India’s lock-in period for real estate investment to only apply to the initial US$5 million. It will do away with a previous DIPP rule announced last year that forbade repatriating profits after less than three years of completing capitalization. Continue reading











