New Delhi: The stretched out decision on relaxation of FDI norms for the housing sector has finally getting positive vibes as cabinet considers rethinking over the issue today. The decision regarding relaxation of FDI norms for the housing sector along with the decision of easing conditions for exit before the three year period from the industry will most likely come to the conclusion.FDI proposal was earlier deferred by the cabinet in its last meeting, which will be raised again in the cabinet on 25th November. The meeting will also consider easing condition for the exit of foreign investors before their three year lock in period in the real estate of India.Current FDI norms are pushing out the foreign investors from the country, and to attract more foreign players in the competition government will relax the FDI norms. Current requirement in FDI norms states that for FDI investment, the construction must have a minimum built-up area of 50,000 sq mts and 20,000 sq mts of carpet area. The demand of changing this norm has also been proposed in the cabinet.Note presented also suggested that the minimum capitalization of $ 5 million should be made uniform for both wholly-owned subsidiaries and joint ventures with Indian partners.Companies willing to exit from the Indian market before three years lock-in will also benefit some relaxation in the norms. The companies can be able to exit on receipt of occupancy and or completion certificate issued from the authority, and several other norms would be introduced in the exit policy of the companies before the three years lock-in period.DIPP press note 2 (2005) allows hundred per cent foreign direct investment in township with relevant predefined conditions.займ на карту без отказов круглосуточновзять кредит онлайн