Historically, real estate has been one of the most protected sectors, fortified by heavy regulations and policies, which significantly restricted foreign investment. This protection was intended to prevent speculation in the sector, and even today, speculative real estate business is prohibited under the foreign direct investment (FDI) regime. Fortunately, over the last decade and a half, the government has strategically taken steps to relax FDI norms, gradually allowing for more investment and growth.
Please refer to the below print to read the full article by Vivek K Chandy, published in Times Property.
Vivek assumed office as the Joint Managing Partner of the Firm from January 2019. He has over 30 years of experience in areas of private equity, mergers and acquisitions, corporate commercial work and real estate advisory in India.