New Delhi: Considering the inflow of Foreign Direct Investment over the past decade the Government has decided to ease the norms for the investors. The minimum investment capital has been lowered to $5 million in comparison to the $10 million mark. The Cabinet has sent out an approval in this regard with the relaxation in FDI norms. The Department of Industrial Policy and Promotion (DIPP) is in favor of the relaxation in order to bring in greater revenue into the fund-tight sector. According to that, the minimum capital investment allowed will stand at $5 million.Cutting the capital investment down by 50% is expected to bring in greater cash flow into the Indian real estate market. The DIPP has also laid down relative guidelines, elaborating on the Cabinet decision of easing norms. This reduction is applicable for wholly-owned subsidiaries. The investments have to be roped in within 6 months of commencing business. The flexible norms will play in favor of the affordable housing sector. The revenue inflow will be streamlined towards the building of budget-homes for the EWS (economically weaker individuals).The circular issued from the cabinet will be sent out for feedbacks from the concerned departments. The restriction imposed in the construction of the serviced plots has been brought down from 10 hectares to 5 hectares whereas for development projects the carpet area has been eased up to 20,000 sq.mts.Greater FD investments will favor the growth and expansion of the Indian realty sector. This will directly impact the progress of the industry in tier-II and tier-II cities of India giving more scope for the development of affordable housing across the country.займ на карту без отказов круглосуточновзять кредит онлайн