Real estate industry hails government decision to relax FDI norms

Q.  Real estate industry has hailed the government decision to _____ norms for the construction sector, especially affordable housing on November 11, 2015.
- Published on 12 Nov 15

a. Dilute
b. Strengthen
c. Relax
d. Both a and c

ANSWER: Both a and c
 
GoI has relaxed FDI norms in the construction sector, boosting foreign investment into the housing sector, especially affordable housing. Government has relaxed the FDI norms in the construction sector by removing conditions relating to minimum built up area and capital requirement. Any project, irrespective of its size, will have access to FDI. This has also eased the rules for foreign investors to exit and repatriate investments.

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