The government has deferred a proposal on relaxing FDI norms for the housing sector.The proposal was listed in the agenda of today's Cabinet meeting. Minister of Urban Development, Kamal Nath has requested for deferment of the proposal, a source said. A Cabinet note has proposed easing conditions for exit of foreign players before the three-year lock-in period. It also proposed a change in the current requirement of having a minimum built-up area of 50,000 sq mts to 20,000 sq mts of carpet area for FDI in construction development projects. The note has suggested a uniform minimum capitalisation of USD 5 million for both wholly-owned subsidiaries (WOS) and joint ventures with Indian parters. At present, the capitalisation requirement for WOS is USD 10 million. On exit of FDI before the three-year lock-in period, the note has suggested more relaxations.