Govt may ease FDI norms in real estate to boost sector

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The minimum area to be developed in case of serviced housing plots has also been reduced to 5 hectares from 10 hectares. The minimum area to be developed in case of serviced housing plots has also been reduced to 5 hectares from 10 hectares.
SummaryMinimum capital to be cut from $10 million to $5 million.

and introduced carpet area in line with the real estate bill, 2013

*Minimum area to be developed in case of serviced housing plots has been reduced to 5 hectares

*In case of construction-development projects, a minimum carpet area of 20,000 sq mts has been introduced instead of the 50,000 sq mts built-up area

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