FDI in realty to provide regular income to retail investors and increase liquidity for real estate
The present budget is very much real estate friendly and the realty experts today welcomed the Budget proposals to allow FDI in housing sector and tax incentives for REITs. The industry now is beaming with new hopes and feels that these measures will help boost affordable housing as well as improve investment flows.
The Budget announced by Finance Minister Arun Jaitley is not only real estate friendly; it also talks about safeguarding the interests of the investors. FDI in the realty sector will not only create affordable housing but will also help in easing liquidity requirement for the developers.
The present budget drew the blue print for the development of smart cities. The finance minister has proposed some changes in FDI for the real estate sector. He also welcomed the move taken by the developers to construct smaller units to incorporate the needs of the lower strata of the society. Also the reduction in built-up area and size of projects will allow mid-sized and smaller developers with good track records better access to FDI and boost affordable housing.
SurabhiArora, the associate director of Colliers International mentioned that this move will provide access to retail investors to benefits from regular income and appreciation benefits from real estate. And the real estate industry will be benefitted with cash inflow due to the increase in the number of retail investors. KPMG partner and head of real estate and construction vertical NeerajBansal also welcomed these moves and congratulated the new government on taking these growth friendly moves.
Source- The Financial Express
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