<p>Foreign Direct Investment (FDI) in terms of inflows into equity in the Indian construction and realty sectors have seen a sharp rise from USD 1.19 billion in April-December 2007 to USD 5.6 billion in the first three quarters of the current fiscal, as per the official data.<br /><br />In March 2005, the government had liberlaised the foreign investment norms with a view to catalysing investment in the realty sector.<br /><br />The government allows 100 per cent FDI through automatic route in construction development projects, including housing, resorts, commercial premises, educational institutions, recreational facilities, city and regional level infrastructure and townships.<br />Though the FDI norms were liberalised in 2005, the government had imposed certain conditions like a lock-in period on repatriation of investment for three years.</p>.<p> The repatriation could only be allowed with permission of Foreign Investment Promotion Board.<br /><br />Global property consultant Jones Lang Lasalle Meghraj in a report said, "Contrary to the commonly held belief of capital flight occurring during 2008, the actual deployment of FDI into India's real estate sector increased 29 per cent year-on-year during the financial year 2009."<br /><br />Dubai-based Emaar is a major foreign investor which has entered the country in a big way. </p>
<p>Foreign Direct Investment (FDI) in terms of inflows into equity in the Indian construction and realty sectors have seen a sharp rise from USD 1.19 billion in April-December 2007 to USD 5.6 billion in the first three quarters of the current fiscal, as per the official data.<br /><br />In March 2005, the government had liberlaised the foreign investment norms with a view to catalysing investment in the realty sector.<br /><br />The government allows 100 per cent FDI through automatic route in construction development projects, including housing, resorts, commercial premises, educational institutions, recreational facilities, city and regional level infrastructure and townships.<br />Though the FDI norms were liberalised in 2005, the government had imposed certain conditions like a lock-in period on repatriation of investment for three years.</p>.<p> The repatriation could only be allowed with permission of Foreign Investment Promotion Board.<br /><br />Global property consultant Jones Lang Lasalle Meghraj in a report said, "Contrary to the commonly held belief of capital flight occurring during 2008, the actual deployment of FDI into India's real estate sector increased 29 per cent year-on-year during the financial year 2009."<br /><br />Dubai-based Emaar is a major foreign investor which has entered the country in a big way. </p>