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While FDI in the real estate sector is on the upswing, a transparent and conducive regulatory and ad
by zameen1001 on Oct 18, 2010
Despite an economy growing at 8% and a buoyant real estate market, in a recent FICCI-Ernst & Young study called “Realty Decoded”, India was ranked fifth in the overall country index of attractiveness for foreign direct investors.
While China was ranked as the most attractive destination for FDI, two countries which are actually going through a prolonged recession — the US and the UK were placed second and third respectively while Singapore was in the fourth spot.
Interestingly all these countries lagged behind India when it came to the Country Development Index (denoting the rate of economic growth) and the Real Estate Market Index (denoting the demand supply situation). What pulled India's attractiveness down was the poor score it got on Regulatory Index which captures state of the regulatory environment and the low score for the Real Estate Industry Index which looks at the state of maturity and transparency of the industry.
Amit Mitra,...Read More >>
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