India’s realty sector remains preferred destination
According to the report, the Indian construction and real estate sector continues to be a favored destination for global investors and businesses.
As per the tax and advisory firm, Grant Thornton, the large numbers of people are shifting towards the cities and the interest shown by the buyers to invest in the real estate market will make Indian real estate market famous place to invest.
Grant Thornton International Business Report (IBR) mentioned that due to the high construction cost the India real estate sector is the ideal place for foreign investors to invest money.
He also concluded that the continuous housing demand and optimistic RBI rules allows the foreign banks to invest in Indian market.
While the business leaders in the real estate sector expect strong improvement in the housing industry if the stable government is formed after the upcoming LokSabha elections.
Across Asia Pacific, growth is being noticed in businesses in emerging economies which are more than twice as confident about making profits as their peers in advanced economies.
Almost 78 percent business leaders in the Southeast Asia are happy followed by the Latin America (60%) and North America (56%), while those in the Euro zone (19%), and especially in southern Europe (-9%), are the least optimistic.
The report does study over the business leaders in 45 economics to understand how the real estate and construction sector over comes from the financial crises.
Source: The Business Standard
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