Real estate to benefit from FDI groups
The easing of the already built up region and the requirements of capital for real estate projects backed by FDI is probably going to start a new rush in the projects and help them bringing up closer to the city limits. Initially the real estate business was lacking behind due to no former development scheme.
Sajid Sathak, the managing director of Inno Advisory group in India said that the movement will help the real estate projects who will choose the FDI route and help in coming closer to the city. Before this, projects like this which needed a large build up area and needed large land parcels for developments were put into restriction to the areas away from the city limits.
The real estate sector is likely to see an upsurge post the involvement of FDI groups. Representatives expect that the real estate business will surely benefit from the fact that FDI groups are going to back the capital requirements for the various upcoming projects. FDI groups had long been interested in investing in the Indian market but they needed a positive feedback. Post the announcement of the Union budget, the FDIs got a positive feedback for the real estate sector.
Source - The Financial Chronicle
Commercial real estate, FDI, FDI in retail, foreign direct investment, Inno Advisory group, invest in real estate, multi-brand retail, retail investors, small investors
