Gurgaon Properties
Many potential investors fear that if the properties are in Gurgaon deadlock or not
. Like most of them are in a dilemma because of the scarcity of reliable information, a sect or individual investors in Gurgaon property has not used the decision to venture out. Gurgaon real estate sector has been for some time in the stagnant due mainly to the collapse of the global economic crisis. This global economic fiasco has been wasted in the Indian economy, but the sweep was not devastating. As the economy quickly recovered, the impasse created by the economic downturn has decreased almost out. There is a new positive wave in the national economy, in effect given impetus to the property sector in the national capital region. Arguably, the Gurgaon real estate sector has gained new momentum.
As stated by many, Gurgaon properties are not stagnant. In fact, there is a new momentum in the housing sector in the then region of Gurgaon. One of the main reasons for the new change is the recent announcement by the government that provides many beneficial schemes for real estate. Some of the new government initiatives are the following: (1) 100% of foreign direct investment (FDI) in real estate projects allowed under the automatic route, (2) in the case of integrated townships, the minimum area to be developed has been reduced to 25 hectares to 100 hectares, (3) full repatriation of original investment after three years, (4) minimum capital investment for wholly owned subsidiaries and joint ventures is U.S. U.S. $ 10 million$ 5 million, respectively, (5) Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by the growing number of states, (6) 51% FDI allowed in single brand retail outlets and 100 percent in cash and to carry out the automatic route. In fact, these development initiatives were announced at the national level, but have directly influenced the real estate sector in Gurgaon. As a natural corollary and consequence of these issues, the real estate sector in Gurgaon has become a new growth phase.
There is another reason why Gurgaon properties are not stagnant. the Indian real estate industry is in a transition phase. In this transition, the new macroeconomic and sectoral factors are catalyzing new market equations. In addition, growth forecasts for the Indian economy, economic, and experts say that investment in the coming years, the Indian property market will find a pen. For example, in the opinion of the international real estate consultants Jones Lang LaSalle: "The economic recovery during CY 2010-11 is likely to reinvigorate the interest of foreign investors in the property market in India. We expect a greater inflow of capital in the real estate sector in the "medium and long term.
by: stella grecia
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