Indian real estate anticipates recovery from a slow 2012, fueled by retail FDI policy. Increased demand for retail spaces is expected to drive construction and boost commercial real estate.
The Indian government's new retail FDI bill has been passed, offering hope to mall owners to fill vacant spaces as foreign retailers gain entry into the market.
Odisha real estate developers welcome the government's decision to allow 51% retail FDI, believing it will boost the real estate sector and the state's economy.