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Easier FDI in real estate means govt is inflating India’s urban housing bubble


12 November 2014 12:13

India’s relaxed rules for foreign direct investment (FDI) in construction will make it easier for foreigners to invest in real estate. While the move has surely been cheered by the real estate sector, for it will bring in much needed capital for those steeped in debt, it could bring more pain for home buyers. Reason: more foreign money in realty means higher property prices. Simple demand-supply logic. Current urban realty prices represent affordability for a microscopic few, while the average home buyer will have to exchange 20-30 years of future earnings to afford a house. Under earlier rules, the government allowed 100 percent FDI in real estate development but with [...].
Easier FDI in real estate means govt is inflating India’s urban housing bubble. This article is published at 12 November 2014 12:13 from Indian Realty News Latest Real Estate Headlines, click on the read full article link below to see further details.


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Tags : Easier, real, estate, means, govt, inflating, India’s, urban, housing, bubble


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