Govt. of India is now slowly tending towards the benefit of overseas investors from their earlier stiff attitude. Source reported at www.propertykahzana.com reveals that the govt. is now easing the norms for investments mainly in the sectors of hospitality and tourism for the foreign groups. They will be now entitled with permission for the smaller section investment against the earlier larger bracket of 25 acres for any overseas interest.
This relaxation will surely benefit the metros and other populated cities like Mumbai, Chennai, Delhi, Bangalore and Hyderabad where expecting a land mass of 25 acre at the vicinity of the city is a die hard deal as per the reports available at www.propertykhazana.com. Now after the steep slow down in the market the Department of Industrial Policy and Promotion who sets norms for the foreign direct investment is tending to attract more overseas interest at the local projects to curb the fund deficiency in the market with waiving schemes for developments regarding hotels, restaurants and other entertainment and leisure sites.
After the announcement there was a huge applause from the realty and associate houses for such initiatives as the market is already in debt with many stalled construction and other uncompleted projects due to insufficient flow of liquidity. This is a second life for all the struggling realty units to heal up their previous debts and other slow down. For more and latest realty updates follow www.propertykhazana.com.
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