Foreign direct investment at the sector of real estate which was in very stumpy condition in 2010-11 is estimated to show better results in the coming year. The euro zone collapsed economy has effected at a great deal towards the Foreign Direct Investment mainly at the real sectors along with the other fields. But a recent growth in the GDP hints at a better situation in near future. According to the sources it was the lowest in the record of last four years. It declined up to 6 percent of the entire direct investment flowing to India in 2010-11 which is sadly very low. During the year of 2007-08 it was 8.9 percent that was carried out by the real estate where as it rose up to the level of 10.3 percent for the year 2008-09 and maintained the same pace for 2009-10 with 11 percent.
It was just FDI worth of $1.6 billion in 2010-11, against the whooping $4.1 billion for 2009-10. Again in 2008-09 it fell down to $3.8 billion and $3.1 billion worth was recorded for the period 2007-08 as per the government record. In 2010-11 all total it was $27 billion inflow to India but on the contrary it was recorded $37 billion in 2009-10 and it was much better in 2008-09 with $37.8 billion. An amount of $34.8 billion in 2007-08 was bit lower as compared to that with the earlier years as gathered from the sources of ministry of commerce and industry. This low situation will last longer if the poor fiscal condition of the Euro zone keeps unchanging for a longer period as commented by the Director General of National Real Estate Development Council – R R Singh. Infect the low confidentiality issues between the developers and the investor is also a major concern for the declining level of the FDI. So looking forward for the new act in this winter season might change the position the FDI rates.
Source: NIMMA BENGALURU
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