Housing developers hail retail reform
While the government’s announcement of allowing Foreign Direct Investment(FDI) into retail sector has been drawing mixed responses throughout the country, the housing developers have welcomed the reform.
Hailing the UPA government’s decision, the housing developer community called for accelerating the economic reforms process by covering the realty sector. The Confederation of Real Estate Developers’ Associations of India(CREDAI) has stated that the proposed reforms would revive the sluggish economy and generate employment.
The establishment of new chains providing newer outlets for farmers, traders and the industry as a whole has been looked as a positive step by the developers.
To read more real estate news:
FDI set to benefit retail and real estate sectors: Experts
Confederation of Real Estate Developers' Associations of India(CREDAI), economic reforms, employment generation, FDI, FDI in multi-brand retail, FDI into retail sector, Foreign Direct Investment(FDI), housing developers, retail reforms in India
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