How FDI in India’s Real Estate is set to Double Soon :
Driven by easing out of rules and regulations in the construction sector, the Foreign Direct Investment (FDI) in the India’s real estate sector could jump over two-fold in the next one year, this is being said by the realtors’ body NAREDCO.
This is surely a positive move by the government and is set to create a number of new opportunities and open new doors to prosperity and growth for the real estate sector in India. Additionally, the greater level of involvement of FDI will drive further investments and can generate high availability of funds and investments which are quite needed in today’s scenario.
Eventually, a greater level of FDI involvement will also help in the completion of a number of ongoing real estate projects today and create a better investment-friendly atmosphere for consumers.
It is important to note that the cabinet has relaxed FDI rules in construction sector by reducing minimum built-up area as well as capital requirement and easing the exit norms.
Moreover, the easing out of FDI investment process will drive better ground level functionality to enable permission to sell completed projects to foreign investors which will help Indian developers get much needed liquidity into the system and hence it will drive the overall real estate sector towards profiting times. Additionally, this would also encourage new development projects in prime areas of large cities and in most importantly take the real estate development in small towns of the country.