Realty players expecting relaxation in norms for FDI (Foreign Direct Investment).

Q: Realty players hoping that Vibrant Gujarat Summint will bring some changes in FDI norms. They expect the relaxing of norms to rejuvenate the sector which is witnessing a slump.

Vikash V, Ahmedabad

5th January 2015

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Replies (2)

Hi Guys,
As per CREDAI vice president, the relaxed FDI norms will act as a booster dose for the real estate sector. There had been a deficit of trust from consumers, brokers and investors on builders, which will now be revived. Vibrant Gujarat will provide a boost to real estate sector, which will now get the attention of the government, industries and other countries.

Jyothi J, Ahmedabad

5th January 2015

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@ Mr Vikash,
It is expected that , lot of investment interest in realty sector is expected during the Vibrant Summit. "The participants (of VGS) will be able to see what they have been hearing about till now. Also, with relaxing of FDI norms the sentiment for the sector are likely to improve in next 6-12 months.

Kalki K,

5th January 2015

Hi Vikash,
The real estate players believe that Vibrant Gujarat Summit will be a silver lining for them as the sector will now get attention of both national and international players. Realty players in the city are looking at the Vibrant Gujarat Summit (VGS) with great hope following the relaxation in norms for foreign direct investment (FDI) in construction projects.

Sanchita Chanda, Ahmedabad

5th January 2015

Comment

@ Vikash,
The Union government last week amended the FDI norm for construction sector by allowing inflows into projects spread over a smaller area. It also decided to ease the rules for foreign investors to exit the project and repatriate profits. There will be more transparency, proper title and approval of authorities due to relaxed FDI norms.

Nandakishore, Ahmedabad

5th January 2015

Hi Vikash,
Ahmedabad will see a boost in investment especially after Vibrant Gujarat, mostly in residential and industrial areas. The reason, was government's focus on providing affordable houses for all. People who are looking to investment big in Gujarat are looking forward to Vibrant Gujarat.

Devesh Kumar, Ahmedabad

5th January 2015