| Despite the deletion of the new clause in the foreign direct investment (FDI) policy prohibiting put options, offshore real estate funds are looking to set up non-banking financial companies (NBFCs) to actively invest in the sector.
“We are currently advising several offshore clients on setting up realty specific NBFCs,” said Ruchir Sinha, co-head of real estate investments practice at law firm Nishith Desai Associates. He declined to reveal the names of the firms because of client confidentiality issues...............................................Full Article: Source
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