Indian family offices are considering setting up shop at the International Financial Services Centre (IFSC) or Gift City as the Reserve Bank of India tightens scrutiny of overseas direct investments. Freedom to invest across asset classes, including overseas real estate, along with low compliance costs and numerous tax benefits, are prompting family offices to look towards Gift City, which allows leveraged investments. The IFSC Authority issued fund management regulations last year, which enable structures such as family offices to be set up in Gift City.
source https://www.livemint.com/news/india/leading-indian-family-offices-explore-setting-up-shop-in-new-delhi-s-ifsc-amid-rbi-s-tightening-scrutiny-of-odi-11684434495481.html
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