Notwithstanding the global headwinds ,the positive business environment on the back of the&nbsp;&nbsp;supporting economy holds great promise for the growth of real estate , especially residential real estate that has seen healthy demand due to the rising trend of home ownership.A recent survey&nbsp; of multinational companies&nbsp; conducted jointly by the Confederation&nbsp;of Indian Industry (CII) and global consultancy firm, Ernst &amp; Young has revealed that more than 60 percent MNCs have appreciated reforms like Goods &amp; Services Tax(GST), digitalisation of various facets of economy, transparency in taxation ,which have helped to create a positive business environment.&nbsp;What more, the ongoing reforms have created a positive environment&nbsp; for foreign investments in Indian businesses. The financial year 2021-22 has seen FDI inflows of USD 84.8 billion, despite the adverse impact of Covid pandemic and geo political disturbances. The survey has shown that MNCs find India a potential investment destination and are embarking on their expansion plans. They are bullish that with more reforms like&nbsp; infrastructure upgradation , promoting ease of doing business and tax reforms, the FDI will gain further momentum . Especially as India has a potential to attract FDI flows of USD 475 billion in the next 5 years.&nbsp;In this backdrop, MNCs are bullish that the Indian economy will perform well over the next 3-5 years due to strong momentum in domestic consumption , services, digital economy and infrastructure . And all this bodes well for the growth of Indian real estate.

Better business environment to boost real estate