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Budget 2016: Impact of FDI in Real Estate Sector and Future Expectations

Real Estate sector has been stagnant and unregulated for years now. Rising prices of property, delayed construction, no clarity on Foreign Direct Investment and REITS, ghost buyers are some of problems crippling the growth of the sector. But with the various ambitious projects announced by the new Modi Government there’s a silver lining. As per recent government data, economic growth reached 7.4% in the second quarter of the current financial year, riding on a spike in manufacturing and a pickup in investment.

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Where it stands?
Globally positioning India as an investment destination and improving India’s diplomatic and trade relation, Narendra Modi’s foreign stints have helped India attract more FDI. From the nations he visited during the financial year 2014-15, India received FDI of USD 19.78 billion. Moreover, FDI in India increased by 27% in 2014-15 to USD 30.93 billion, said Anuj Puri, Chairman and country head at JLL India in his blog.

But a recent FICCI survey of the year 2015 (Impact of FDI reforms in the Indian real estate sector) shows how disoriented the sector still is. Though there has been overall growth in FDI in the sector, FDI in construction development sector has declined over the past few years. The following table shows that.

Skyline Constructions Bangalore

Skyline Constructions have earned a renowned reputation in the market by providing excellent, premium quality, and value added services to their customers and by making up to the standards, expectations and satisfaction of the employees. Skyline Constructions hold an exceptional quality of satisfying their customers and employees. Skyline Constructions have reached this level of success and prosperity because of the hard work, passion and honest working of their team of engineers and architects. The core concept of Skyline Constructions lies in the phenomenon of “leadership”. According to their belief true and honest leadership serves as a beautiful example for others to follow. The man behind Skyline Constructions, Avinash Prabhu, the managing director plays the role of a magical wand which through its devotion, hard work, passion and ambition inspires and motivates the workers to come up as a team of highly capable professionals which have elevated Skyline Constructions to a sound rank in the market.

Skyline Constructions not only believes in providing quality to their customers but also to their employees. In a running company, the employees and the working staff is considered as their most precious and valuable asset and it is universally believed that if the employees of a company are happy and contended with their jobs then surely satisfied and happy employees would produce satisfied and happy customers. When the employees of Skyline Constructions were requested to express their view about the company their working for, surprisingly except for a few workers almost all of them were quite satisfied and relieved with their working environment and the atmosphere of the company’s working area. Most of the employees of Skyline Constructions admit that they feel relaxed in their offices and the competent environment provided by the company motivates them to work with more passion and show even better outcomes. One great yet interesting aspect was that the employees were proud and happy enough to admit that their working area gives them the relevant space that every working individual deserves, which makes them free to explore, suggest and come up with new, exciting and inspirational thoughts and ideas.