The Central Government is set to relax FDI norms for the real estate sector, which includes reducing the lock-in period and minimum capitalization to attract investments and make housing more affordable.
Multinational retailers like Walmart, Carrefour, and Tesco may soon be allowed to open stores in India under strict investment norms and sourcing conditions.
The government is intensifying scrutiny on investments from tax havens amid concerns over potential money laundering and terror funding, especially in real estate.
India may ease foreign investment rules for hotel construction to address room shortages before the 2010 Commonwealth Games. This includes reducing minimum development area requirements and waiving lock-in periods and minimum investment criteria.