Views of Pradeep Jain, Chairman, Parsvnath Developers on FDI Relaxation

Comments of Pradeep Jain, Chairman, Parsvnath Developers on FDI Relaxation:

Mr. Pradeep Jain, Chairman, Parsvnath Developers says:

In order to attract more foreign investment in the construction and real estate sector this is a remarkable step. We are thankful to the government for this move. The sector is reeling through an acute funding pressure. The foreign investment in real estate has also gone down in last few years. Hence, This move has sent a positive signal for the real estate sector which will be shown in coming days. 

The new government too is keen on improving the current sub 5% GDP figures to 8-9% levels. So these all steps will revive the overall economy as well as real estate industry. We are also hoping infra status in near future.