
Property
and equity firms from Malaysia, Singapore and other Asian countries are
weighing the Indian real estate market, following the Centre’s move to relax
foreign investment norms in the sector.
Recently, the government had relaxed norms for foreign direct investment (FDI)
into the sector, including a cut in the minimum built-up area required to
20,000 sq m from 50,000 sq m; the initial capital required was halved to $5
million....