India is the perfect destination for investment: Farook Mahmood
Farook Mahmood, World President at FIABCI International Real Estate Federation briefed the media about FIABCI to boost the Foreign Direct Investments in Indian real estate sector. He said, “Under the ‘Housing for All’ project with a focus on constructing 85 million homes for the homeless, increased transparency and reduced impediments for investors with the implementation of RERA and constant demand for high standards of commercial and retail space from multi-national corporation are positive indicators towards growth in the real estate market. Thus, it’s a huge opportunity for FIABCI to attract Foreign Direct Investments in all segments of the industry.”
Speaking to Realty Plus, he highlighted that India has become the favourite destination for investment for the other countries. The world is seeing the potential in India. With GST and RERA in place, things are definitely going to change for the good of the industry.