Move To Clarify FDI In Real Estate Positive: Neeraj Bansal
  • Ekta Tibrewal
  • Sep 04 2013

September 4: Neeraj Bansal, Head of Real Estate and Construction at KPMG, says RBI’s 80-20 rule empowers consumers by ensuring timely delivery of projects. However, this is a blow for developers who are fighting tight financing and softening prices. Referring to falling FDI in real estate, he says DIPP’s move to clarify rules with the urban development ministry is positive. “We need to revise FDI policy and clear hurdles to ensure capital flows into India,” he adds.