Latest Answer: Yes, Naidu had also told at an event organised by Assocham in Delhi on 17th of September 2015, that relaxation of FDI norms in housing sector such as reducing the minimum investment from 10 million USD to 5 million USD and minimum built up area for a project from 5 lakh sq-mt to 2 lakh sq-mt.
Latest Answer: Well Tushar,
As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs.
Thus, once completed, the real estate growth at Indias hinterlands, connected via these corridors, will be exponential.
Q:NRIs today are not just looking at residential projects but also at commercial projects across various cities of India which can offer them good returns over medium to long term.
Latest Answer: Yes many of NRI's are looking to buy more profitable lands in India. As they earn a lot of money and they are investing in big real estate business.
Q:The real estate private equity market inflows which stood at around $1-1.5 billion per annum over the last few years, is likely to double in the next two years due to the relaxation of FDI norms.
Latest Answer: Yes Anuj,
Allowing 100% FDI automatic route in completed project for operation and management of not only townships but also shopping complexes and business centres, will enable developers to sell completed malls and integrated townships to foreign investors. This will significantly increase the volume of the retail real estate business. Am i right or not?