Fresh FDI Norms to Push Affordable Housing Segment
Real estate industry appealed government to relax FDI norms to fillip the foreign investment into housing sector, especially, affordable housing sector. By eliminate two overriding conditions, first minimum built up area and second capital requirement. That results any project apart from size which is under-construction can have direct contact to FDI. This way now it is easy for foreign investors to exist.
This is a good step and promises astounding money flow in the real estate sector that will enhance or boost the overall economy and with this it will also increase job opportunities.
As per the DLF CEO Rajeev Talwar, “this is an effective step to bring a new light in real estate sector”. This will all in all lead things towards progress and boost other different sectors.
With this liberalization in FDI rules it will increase excitement and interest of the investors from all over regions and give them immense benefits along with the property which is inducing enough for any investor.
This positive step brings a good hope for all the property investors who are willing to put their money in a good property where ROI is unexpected and completely satisfactory.