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Government encourages Foreign Direct Investment in Real Estate Sector in India
Oct 18, 2006
In February last year (2005), Government of India liberalized the laws to encourage FDI in real estate market. Removal of the laws, which were considered restrictive to the FDI in this sector in India, resulted in many MNCs gaining entry in the country. FDI increased dramatically after the government lifted the restrictive laws on it.
NRIs (Non Resident Indians) or OCBs (Overseas Corporate Bodies) are now allowed to invest up to hundred percent in real estate industry and building construction ventures in the country. While, only 1.1 percent FDI was permissible in the real estate sector in India prior 2005.
RNCOS has recently published a report “Opportunities in Indian Housing Sector (2006-2007)”. As per the report, “Increased limit of FDI to hundred percent will encourage more number of foreign investors and players in this region, and this will also result in increased inflow of foreign exchange in this economy. There will also be opportunities for domestic players, as they can join hands with foreign giants to meet the growing needs.”
RNCOS report on housing industry in India gives an analytical overview of every aspect of the industry. It provides extensive research and objective analysis on the growing housing industry, its components and the supporting financing structure.
Key issues and facts analyzed in this report
- Factors supporting the growth of Housing Industry in India.
- States in India that will have the highest demands for houses by the year 2010.
- Reasons for slow rate of growth in housing sector in India.
- Overview of Indian housing industry in the perspective of Asia’s Real estate industry.
Target audience of the report
Businesses, consultants, researchers, analysts, and individuals who are closely monitoring the developments in the Indian housing industry.
To purchase your copy: http://www.rncos.com/Report/IM076.htm
To purchase your copy: http://www.rncos.com/Report/IM076.htm
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