FDI bill to boost real estate sector
International property consultant, Cushman & Wakefield said that owing to the acceptance of Foreign Direct Investment (FDI) bill in multi-brand retail, India will witness increase in shopping and commercial centers.
Executive Managing Director, South Asia, C&W, Sanjay Dutt said that said this move will benefit the real estate, retail sector and end consumers for a long term. Developers who are developing shopping complexes are going to be benefitted as international players are going to make their entry in the next 12-24 months.
The retail industry to take big jump towards the next phase of growth and development as the FDI bill got a nod, said Dutt.
This bill will cheer international retailers to look at India as a destination to set up their operations. They will allow global retail giants such as US-based Walmart, French Carrefour, and Britain’s Tesco to put up their stores in India with local partners and sell the products directly to the consumers.
Real estate in Hyderabad is growing sharply
Hyderabad a Real Estate Destination
Miyapur in Hyderabad witnessing real estate boom
Britain's Tesco, Consumers, Cushman & Wakefield, Developers, end consumers, FDI bill, French Carrefour, Hyderabad real estate, Hyderabad realty, international retailers, Investment, Realty News, retail industry, retail sector, Sanjay Dutt, Walmart
[...] or facing tough time in building shops is expected to look up after the parliament cleared the foreign direct investment (FDI) in multi-brand [...]