Experts' Take
Manish Agarwal, MD, Satya Group & Secretary, CREDAI NCR
Though there were a number of reasons for under performance of real estate sector in 2013-14, drop in in flow of FDI in to India’s construction sector to $1 .3 bn between April 2013 and February 2014 (compared with $3 .1 bn in April 2012-March 2013) also contributed to it. This makes amply clear that the sector needs FDI to not only compensate for momentum lost but to speed up on the path of growth. We expect government’s policies to positively influence foreign investors.
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