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sanjuktav (n/a)     28 September 2007

FDI in hotels

hey...i would like to know if it is possible for a foreigner to purchase a fort in India and convert that into a hotel. are there any specific guidelines in force in connection with purchase of buildings such as forts and palaces by foreigners?


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 1 Replies

Shambasiv (n/a)     28 September 2007

100 % FDI is permitted in hotle industry. In India so many palaces have been converted into star hotels and hence there is no bar for a foreigner to invest in such hotels. 

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