The central government’s upcoming dedicated portal to facilitate domestic investments will help channelize investments in real estate, leading to the growth of the sector.
According to the Commerce Ministry, the digital platform is meant to do hand holding, information dissemination and facilitation of domestic investors. This will support investors throughout their business cycle. The useful features of this digital platform include daily updates on policies and new schemes of the central and state governments. Here will be information about licenses, approvals, clearances and incentives. Businesses will get support in terms of finding investment opportunity, funding, raw material availability, taxes and incentives. The dedicated digital investment promotion and facilitation team will further come handy.
Says Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global Group and Chairman, Assocham National Council on Real Estate, Housing & Urban Development, ” This new initiative of the government to hand hold and promote businesses has come at an opportune time when post-Corona, when the market sentiment has improved and businesses are showing signs of recovery. The government is providing greater policy support to real estate and infrastructure as these are engines of economic growth. The move to improve ease of doing business will expedite the real estate recovery for its growth”.