In an interview with an OPP the Connect , Bob Dillon, CEO of Mainstreet Equity reported that India's real estate market can be as powerful as the real estate market of China. Canadian billionaire and the largest Western investor in this country believes that India can become a dream of developers, as it has for this purpose there are all preconditions, such as a developing demographics, population migration from the country's rural areas to cities and others. He also believes that any foreign investment in real estate of the country will be a major contribution to India's GDP. For the development of the market, according to him, it is necessary that the Indian government has allowed the unhindered flow of foreign funds into the real estate sector, legal settlement, as people are now not familiar with their rights, in particular with regard to the lease, which does not work out the issue of compensation of damage by the tenants property owners. He also believes that clarification is necessary on the repatriation of capital. HomesOverseas.ru
