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Indian real estate sector attracts $2.8 billion FDI

The Indian Express, Dubai

January 29, 2011


The housing and real estate sector in India witnessed foreign direct investment (FDI) of $2.8 billion in the fiscal year (April-March) 2009-10, according to indian Department of Industrial Policy and Promotion. The statistics made available at the IndiaHome property exhibition in Dubai revealed that total NRI FDI inflows through the period April-December 2009-10 stood at $320.05 million. The housing and real estate sector including cineplex, multiplex, integrated townships and commercial complexes etc, attracted a cumulative FDI of $8.4 billion from April 2000 to March 2010, the department said.