| The government's decision to allow 51% foreign direct investment in multi-brand retail and increase FDI limit in single-brand retail to 100% comes as a whiff of fresh air for the real estate sector, which has been battling slow sales and rising debt for almost two years now.
The cabinet's decision on Thursday may not make a big impact in the short-term, but it is expected to prompt real estate players who had either shelved or slowed down their plans to build malls and shopping complexes over the past few years, to revive their plans.............................................Full Article: Source
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