Apart from wooing NRIs, the Government of India has now also set afoot a set of favourable provisions to ensure greater inflow of FDI in the India Property sector.

These provisions can be summed up as:

Residential
Till recently, 100% FDI was allowed.  Only in residential complexes  extending beyond 100 acres or with the promise of creating a minimum of 2000 dwelling units. But now, this norm has been relaxed and now 100% FDI is made permissible in any greenfield residential complex with a built-up area of 50,000 square meters.

Shopping Centres/ Malls
100% FDI allowed

Commercial Offices
FDI is now permitted in city centers and suburban office construction which was restricted to development of IT, business parks till recently.

IT & Business Parks
100% FDI allowed as per the Industrial Parks Scheme 2002.

Hotels/ Service Apartments
100% FDI allowed in either the Development of Hotels/ Service Apartments or in their acquisition.

Special Economic Zones ( SEZs)
Slated to be the next big thing within the construction segment in India, the government has permitted 100% FDI in the real estate development within SEZ.