Welcome step by government to relax rules for FDI in construction sector

The government has relaxed rules for FDI in the construction sector. On this move, Mr. Aman Agarwal, Director, KV Developers shared his viewpoint.

Mr Aman Agarwal, Director, KV Developers said on FDI relaxation, "This is a welcome step by the government and indeed a Diwali gift to the sector. The move of relaxing FDI limit will help in developing low-cost & affordable housing in line with the government's vision.

Removing the caps on project size, giving greater flexibility in transfer of investments to other overseas investors and allowing investments in completed projects will attract more investments into the cash-strapped sector and help the developers, buyers and boost the overall sector.

Through this mechanism the developers will get another route for funding their projects and it would award a momentum to Indian real estate industry."

Source : Equity Bulls

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