Friday, August 7, 2020

100% percent FDI approval by Government special grant to realty sector.

 

Due to the pandemic many realtors are facing liquid crunch and delay issues. In these unpredictable 
Covid 19 times; government is trying to help every possible sector. To bring more ray of hope and 
investment in real estate sector every possible aspect is being seen.
The planning is on to give go ahead for 100% overseas investment for completed project and even 
there are relaxations to be given in FDI rules for projects that are completed. If this move will be 
implemented then real estate firms can easily monetize complete housing projects amid liquidity 
crunch problems caused due to pandemic throughout the globe.
Industry experts are looking forward to welcome the proposed relaxation stating that if the completed 
projects are being monetized then concentration will be on finishing pending projects that seem to be 
struck due to lack of funds. 
Already weighing options of gaining more investments have been started from overseas in 
construction sector. It is said that only in the few aspects FDI norms can be further relaxed and housing 
is also one of them. Centre is also looking forward to ease in simple to invest in India and gain back 
momentum in economic that was also majorly hit by virus.

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