Welcome To Investment In India
India is the country’s official agency dedicated to investment promotion and facilitation. Set up as a joint venture between FICCI (51% equity), DIPP (35% equity held by the Department of Industrial policy and Promotion, Ministry of Commerce & Industry) and State Governments of India (0.5% each), its mandate is to become the first reference point for the global investment community.
It provides granulated, sector-specific and state-specific information to a foreign investor, assists in expediting regulatory approvals, and offers hand-holding services.
Its mandate also includes assisting Indian investors make informed choices about investment opportunities overseas.
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Invest India partners with the official investment promotion agencies of several countries (USA, UK, France, Italy, Japan, Korea and Mauritius) to enhance investment and broader bilateral economic ties. In recent months, it has forged close ties with its counterpart agencies in the UAE, Saudi Arabia and Singapore, and is also the nodal agency for coordinating the investment-component of a joint initiative of the Ministry of External Affairs and the Ministry of Commerce and Industry relating to Africa.
Over the past year, it has partnered with India’s diplomatic missions abroad and the economic ministries at home to provide specialized information to market-leading companies in select sectors through video conferences (including in Brussels, Berlin, Detroit, Seoul, and Brugges). During the same period, it has also disseminated similar information to investors at events abroad, including in China, Russia, Japan, United States and South Korea, and used these platforms to engage public and private sector investors.
In India's fast-growing economy, real estate has emerged as one of the most appealing investment areas for domestic as well as foreign investors. The real estate sector will continue to derive its growth from the booming IT sector, since an estimated 70 per cent of the new construction is for the IT sector,"a report by Pricewaterhouse Coopers has said.
India, like many other parts of the world is witnessing an unprecented boom in the real estate sector. In India there is a real estate boom in any direction you wish to see. Whether it is Bangalore, Pune, Calcutta or Chennai or Hyderabad or even already sky high Mumbai and Delhi - the story is the same.
Now apartments are more than just houses. They are about lifestyle. So while the first housing colonies had nothing but a security guard, these new housing colonies have a gym (spa, jacuzzi, steam), swimming pool (heated, lined with Italian marble).
The boom is also attracting interest from foreign players. In recent years, non-resident Indians (NRIs) have played a very important role in transforming the Indian real estate market. Opening-up of the Indian economy provided them with new opportunities and they have shown a great deal of confidence in the changed set up. Since 1994, NRIs have invested a sizeable amount, of which a big chunk has found its way into the property market. Participation by NRIs has brought about a lot of maturity in the market which in the past had solely banked on the actual users.
Overall, the year ahead promises to be a good one for all those involved in the industry- the builders, as well as the consumers. The future of India is set to usher in the gold rush of realty.
Non Resident Indians (NRIs) are allowed to invest in the following areas in the Housing and Real Estate Sector under the Automatic Route of FDI:
i. Development of services plots and construction of built up residential premises.
ii. Investment in real estate covering construction of residential and commercial premises including business centers and offices.
iii. Development of townships.
iv. City and regional level urban infrastructure facilities, including both roads and bridges.
v. Investment in manufacture of building materials.
vi. Investment in participatory ventures in (i) to (v) above
vii. Investment in housing finance institutions.
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