Real estate in India invites investment
The real estate sector exceeds the expectation from the Budget 2012. The most important announcement made by the government by allowing the external commercial borrowing (ECB) in the construction of affordable housing projects.
Also the government gave a relief to the sector by reducing the withholding tax on ECB for affordable housing projects.
The real estate sector is expecting some good movement from the investors which will enhance the project pace.
As government increases the fund allocation for the infrastructural bonds, and reduced the custom duty for road and highway construction equipments, the growth on infrastructure development projects is expected.
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Source : Economic Times
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