Mr. Rajan Bandelkar
President, NAREDCO West -Photo By GPN
MUMBAI, 22 JULY, 2020 (GPN):
Mr. Rajan Bandelkar
President, NAREDCO West, said,
”Government’s proposed relaxation to permit 100% FDI in completed projects will bring a much needed relief to the developers amid the ongoing pandemic crisis as well as the severe liquidity crunch which the industry is facing. It will also help realtors to monetise completed projects bringing down the ready-to-move-in unsold inventory stock. The overseas investment will also provide a significant boost to the sector in terms of greater foreign capital inflows. The Government’s ambitious projects like ‘Housing For All By 2022’ will also get a boost by the substantial participation by the foreign investors. The move will also create more job opportunities revitalizing the growth of the already stressed realty sector.” ENDS
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