ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Mahindra & Mahindra stock hits 52-week high as brokerages bullish on counter post Scorpio-N launch; check target prices
  • GST Council meet begins today: Know agendas of Finance Minister Nirmala Sitharaman's led two-day meeting
  • Security deposit on commercial LPG connection goes up by Rs 1050 for 19-kg cylinder; check new rates
  • Cash-starved Sri Lanka to end fuel duopoly to ease fuel shortages
  • Xiaomi 12S series set to launch with Leica cameras on July 4: Check key details here
Read in App
Business News » India News

FDI push for affordable housing! Residential sector gets thumbs up from foreign investors

FDI or foreign direct investment has started to come into the affordable housing sector of India, which is a welcome development from the housing for all by 2022 view.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
FDI push for affordable housing! Residential sector gets thumbs up from foreign investors
Tax sops may fuel demand and supply in coming times and this could be one of the major reason for foreign investors taking an interest in affordable housing. Photo: Pixabay

FDI or foreign direct investment has started to come into the affordable housing sector of India, which is a welcome development from the housing for all by 2022 perspective. The industry insiders are of the opinion that various government schemes like 100 per cent FDI in construction development and REITs now in place for proper regulation and timely delivery of the units, the real estate industry is witnessing surge in foreign investors' interest in the affordable housing as developers are working on affordable housing due to high rise in demand for such affordable houses. For developers, who have been facing huge liquidity crisis post-IL&FS crisis, this FDI route can be a blessing in disguise as money won't be an issue for the builders to meet their deadline for delivery.

Niranjan Hiranandani, National President at NAREDCO said, "Housing for All has been a long-standing goal, but the past few years have seen a combination of enhanced demand for the affordable segment along with developers launching affordable projects for this segment and availability of home finance for this segment. These resulted in the segment becoming attractive for FDI. The Pradhan Mantri Awas Yojana (PMAY) is an Indian Government scheme, targeting ‘Housing for All by 2022’. This, as also various incentives and positive measures have led to a shift of focus on part of foreign investors towards affordable housing." He said that FDI in this segment is a signal of growth revival in new segments; it works on the premise that it is cost-effective. Rising domestic consumption has led to enhanced production, paving way for better RoI options in sync with well-defined demand-supply economics. Aspects such as quantum of minimum investment, secured margins and the option of many new developers and players have created a broader foreground for FIIs and PEs to invest in this new, rising segment.

Standing in sync with NAREDCO views; Shajai Jacob, CEO (Middle East) at ANAROCK Property Consultants said, "Riding on a wave of economic reforms, improving transparency and better governance, foreign investments in Indian real estate are set to scale new heights. With laws now allowing 100 per cent FDI in construction development and REITs now in place for commercial real estate, the Indian real estate industry will see increasing investment infusions from overseas." Simultaneously, the implementation of Goods and Services Tax (GST) and RERA have given the Indian residential real estate industry an aura of transparency and accountability, which has further strengthened foreign investors' interest.

Speaking on the FDI interest in affordable housing Ankur Dhawan, a New Delhi-based real estate expert said, "In affordable housing, both buyer and developers are getting monetary benefits. While a buyer is getting home loan interest waiver a developer is getting 100 per cent income tax waiver in the affordable housing. So, both demand and supply are expected to rise in coming times and this could be one of the major reason for foreign investors taking an interest in the affordable housing projects." 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
FDIAffordable HousingHousing for AllPradhan Mantri Awas Yojana (PMAY)
Written By: Asit Manohar
Updated: Fri, May 17, 2019
08:22 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
347 FDI proposals received from countries sharing land border with India; 66 approved 347 FDI proposals received from countries sharing land border with India; 66 approved
LIC IPO News: Union cabinet approves 20% foreign direct investment LIC IPO News: Union cabinet approves 20% foreign direct investment
FDI flows to India slip 26% in 2021: UN report FDI flows to India slip 26% in 2021: UN report
GDP: India to dethrone Japan to become Asia's 2nd largest economy by 2030, IHS report says GDP: India to dethrone Japan to become Asia's 2nd largest economy by 2030, IHS report says
Stay put in global portfolio as past US Fed hikes show positive trend in equites: Asheesh Chanda of Kristal.AI Stay put in global portfolio as past US Fed hikes show positive trend in equites: Asheesh Chanda of Kristal.AI

LATEST NEWS

AAI Recruitment 2022: Last date soon to apply for 400 Junior Executive vacancies; check full details here

GST on online gaming, casinos, horse racing - They may be taxed like this! What Group of Ministers recommended?

Stocks to buy: Sanjiv Bhasin picks HDFC AMC, Jubilant Food, Coforge for gains today; check why

Ashish Kacholia Stocks: This multi-bagger counter surges for 3rd day in row, up 13% - know what’s driving the rally

47th GST Council Meeting Outcome News: All you need to know about result of Chandigarh meet

Poco F4 5G vs iQOO Neo 6 5G: Which one to buy? Check comparison - price and full specifications

New norms for safer tyre design to kick-in from October 1; expert picks Apollo tyres, JK Tyres for good gains

Uddhav Thackeray quits as Maharashtra CM - Know what he said in webcast

Oppo Reno 8 Pro, Oppo Reno 8+, Oppo Reno 8 India launch likely on July 18 - All you need to know

PAN-Aadhaar linking not done yet? Be ready to pay double penalty after 2 days or check how to link now

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV