There are expectations that REITs could ultimately attract funds worth $20 billion. Whatever the inflow levels, REITs will help facilitate better demand. The other real-estate booster is the Ordinance on the Land Acquisition Act, which has Gift city Gujarat latest news many of the stringent norms on the consent, rehabilitation and resettlement clauses that had made land acquisition cumbersome and well-nigh impossible. This singular reform possesses the potential to spur new project developments in real-estate and other industries. Another legislation awaiting Parliamentary approval is the Real-estate Development and Regulation Bill, pending for quite some time.
|