Real estate expects relaxation in FDI in Budget 2012
No Comments Sub Category:Uncategorized Posted On: Mar 05, 2012
Due to market scenario the Real Estate industry is expecting the forth coming Union Budget to grant some relaxation in the foreign direct investment (FDI) and external commercial borrowings (ECBs) for the Real Estate sector.
In recent past, the real estate sector has seen a rapid growth, the fund crunch is still a concern for the industry here even today!
The economic growth depends on the real estate sector as Indian real estate is the largest sector for creating job opportunity.
Meanwhile, the real estate is expecting some reduction in taxation for residential apartments so that the potential buyers show their interests. Paving way for the promote affordable apartments.
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Source The Economic Times
