Realty Stocks Surge After FDI Relaxation
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Shares of the As per the new rules, clearance from the Foreign Investment Promotion Board (
The government has also reduced the minimum capital investment by foreign companies to $5 million from $10 million.
The Centre intends to attract investments in the construction sector to fulfil Prime Minister Narendra Modi's promise to create 100 ‘smart cities’ by 2020.
The new rules will promote development of smaller projects, especially in urban areas where the availability of land is limited, said Akash Gupt, executive director at
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