Govt’s proposed plan to allow 100% FDI in completed housing projects.

“The changes in the FDI policy that will allow 100% overseas investment in completed projects, if approved, can bring in a much required opportunity to monetise the inventory for developers and also help bring down the pile up of ready-to-move-in, unsold inventory. With the impact of the lockdown, it is becoming increasingly difficult for developers to generate liquidity through domestic means, the overseas investment will bring unparalleled respite. The liquidity generated through completed projects will help the sector focus on under-construction projects, with increasing quantum of projects getting completed, the government’s fears of speculation would automatically be addressed as the supply side is bound to be overwhelmed.”