The impact of new proposal of the foreign direct investment (FDI) in field of multi-brand retail has divided the real estate sector. Different people have different opinion over this proposal; some are claiming that this will help in boosting the commercial real estate demand in future. While others are assuming that there would be no impact in coming years. The chief executive officer of jones lang India says that by opening new avenues in retail will affect the real estate demand, which is estimated to subsequently upsurge absorption of centre space for shopping complex.
The new and improved retail sector will be more organised and it will help in attaining attention of companies dealing in real estate development and investments. It will also include the majority of fund managers and private equity firms. Chairman of a leading real estate company said that the establishment of retail sector will slow down the economy, due to which the rate of foreign real estate investors in India will lower down. The chairman if technopack advisors argued that there will not be much impact on the real estate industry, although he reasoned that in coming years there be blast in the digital market.
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