New Delhi, July 06, 2019: The Government will be undertaking several reforms to promote rental housing. With regards to the housing shortage in the country, this will be a big boost to the real estate sector. The Government also proposes NRI portfolio investment route to be merged with foreign portfolio investment route. This will lead to increase in NRI investments in Indian capital market.
The decision to allow foreign institutional investors to subscribe to REITS and INVITs is also a welcome move. The Government has also proposed to relax local sourcing norms for FDI.
FDI in real estate will provide a significant boost to the sector in terms of greater foreign capital inflows thus creating more job opportunities and revitalizing the growth of the realty sector.
Corporate Comm India (CCI Newswire)
