Realty Sector hoping to gain momentum from Centre Govt’s push through reforms
India’s realty sector is projecting that a strong Govt at the Centre will give it the much-required push, via some significant initiatives and regulations to help the sector gather momentum for potential growth.
Noting that significant reforms by the Centre Govt can help attract investments to the realty sector, Anuj Puri – JLL India Chairman & Country Head – said that there is a need to fast-track and implement vital regulations and initiatives pertaining to the realty sector.
In Puri’s opinion, a strong and determined government at the Centre will probably be able to push through the much-debated but still pending Real Estate Regulatory Bill.
In addition, a strong new government can also resolve the issues affecting the regulations related to FDI in multi-brand retail; and come up with streamlined, investor-friendly policies to make India an attractive destination for bigwig foreign retail companies.
Source: The Hindu Business Line
Centre Govt, Commercial realty sectors, Indian realty sector, Real Estate regulatory bill, Realty sector, Residential realty sector, Transactions in realty sector
