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Exclusive seminar on investment in Indian Real Estate
March 2, 2016, 4:19 pm
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There will be a seminar on Foreign Direct Investment (FDI)/ Non-Resident Indian (NRI) investment in Indian real estate during the Indian Realty Exhibition that will be held at the Holiday Inn Hotel in Salmiya on 4 and 5 March.

There will be two sessions every day and the morning session will be held from 11am to 1pm while the evening session will be from 5pm to 7pm. 
The seminar will cover the present real estate scenario, FDI and NRI investment in real estate. Among the specific areas to be covered include government regulations, investment trends, easing of regulatory norms, highlights of the recent Union Budget for the housing sector and specific city scenario. 

Experts will talk on a wide range of topics from the regulatory angle to implementation opportunities available for overseas investors. Foreign direct investment in Indian real estate is up by 48 percent in the last 19 months, at a time when global FDI has fallen.  Private equity investment has been estimated at US$2.9 billion in 2015.  India is poised for listing of Real Estate Investment Trust (REIT) with the dividend distribution tax (DDT) getting exempted in the recent budget.  This assumes significance as currently, around 21.4 million sq m of office space can be seen as REIT-compliant. Assuming even 50 percent of these get listed, REITs listing has been estimated at US$18.5 billion.

The recent policy changes by the Indian government for investment by NRIs have made the process simple and hassle-free.  Now investment by NRIs via non-repatriable route would be considered as domestic investment at par with the investments made by residents.  Similarly FDI in partnership firms by NRIs is currently under the approval route.  New rules permit NRIs/PIOs resident outside India to invest in a partnership firm or a proprietary concern in India on non-repatriable basis under the automatic route. 

NRIs were given certain special benefits in sectors such as construction and development of townships, housing and built-up infrastructure.  Now NRIs can enjoy more benefits in terms of nature of securities they can subscribe to. 

Leased commercial properties yield return on investment between 8 and 10 percent per annum depending on the city, building, developer and type of amenities offered in the project.  Now FDI is permitted in completed buildings. 

The Indian government has allowed foreign direct investment of up to 100 percent under the automatic route in real estate projects. This will be for housing, townships, commercial and industrial construction to boost infrastructure activities in India. There is provision for reduction in the area from 50,000 sq m to 20,000 sq m and reduction in minimum capitalisation for FDI investment from $10 million to $5 million.

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