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Fdi in company engaged in old age housing

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(Querist)
12 January 2012 Dear Colleagues

Whether an Overseas entity Invest in equity of a Company engaged in Developing and leasing of OLD AGE HOmes.

Please clarify.

Regards

Ssohan R Baggmar
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Vishal D Shah

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Vishal D Shah (Expert)
13 January 2012 If activity does not fall in real estate business definition under fema it can. Check thoroughly. In case of doubt try approval route with specific permission. If falls in definition not permitted even under approval.
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