Question : FDI IN HOUSING SECTOR



(a) whether the Government has allowed Foreign Direct Investment (FDI) for the housing sector;

(b) if so, the amount of FDI received for this purpose so far and the main sources thereof; and

(c) the details of the housing projects for which FDI has been utilized during the last two years?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF HOUSING & URBAN POVERTY ALLEVIATION( KUMARI SELJA )

(a): Yes, Sir. The Government has permitted 100% Foreign Direct Investment in housing and urban infrastructure under the automatic route.

(b): Details of year-wise inflow in the housing and real estate sector including cineplex, multiplex, integrated townships and commercial complexes etc. along with source countries are given at Annexure-A.

(c): Details of companies where investment has been made along with the operational area of the companies are given at Annexure-B.