April 28, 2011
Funding Real Estate Projects - Exit Challenges
After our most recent Realty Check on “Real Estate in India – A Practical Insight” aimed at familiarizing you with the essentials of real estate in India, we present to you our next research paper in the Realty Check series - “Funding Real Estate Projects – Exit Challenges”.
The attached paper analyses the legal and regulatory restrictions that a foreign investor may face while exiting its investments from a real estate project in India. While few of these exit restrictions have been expressly provided in the regulations, there are few restrictions that emanate from the regulatory approach in specific situations as witnessed by us in our experience as counsels to a majority of real estate private equity funds and strategic foreign investors. Some of the restrictions discussed in the attached paper are as follows
The attached paper also annexes a white presented by United States India Business Council’s (USIBC) Real Estate Committee1 last year with Nishith Desai Associates as the knowledge partners. The white paper and presented to Union Commerce Minister Mr. Anand Sharma at Washington DC discusses some of the most pertinent issues for real estate investments such as:
Please watch-out this space for our next Realty Check on Funding Real Estate Projects – Security Enforcement Challenges.
1 Copy of the white paper is attached hereto as Annexure I
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