Growth

in the

Real

estate

field in

India

May 28

2015

Real Estate

Projects in

India It has been constantly growing with a

pace of 30% per annum. Also, the Indian government has been taking deep interest in this arena, which is

the reason behind the boom in this

industry.

The field of real estate is considered to be the second largest employer after

agriculture. The main focus of the real estate market is the development of metro

in places like Delhi and NCR, Mumbai, Kolkata. The reason behind this is that they

want to use areas near by metro for developing projects of residential, retail to

commercial complexes.

These projects will provide better connectivity and easy accessibility to the people who live there. It is clearly visible that the residential, commercial, retail and

recreational properties have faced substantial growth in their cost. As a result the projects are booming enormously, taking the market to new heights.

The current real estate market has crossed about 20 million dollars as per the industry research. Many foreign institutes and brand are planning to invest in the

real estate markets of India. They feel investment in these properties will provide them a better return on investment. Some of the most preferable places for

investment include Delhi, Mumbai, and Bangalore. These cities have mainly observed a real rapid growth as compared to other cities in the country.

Also, due to increase in the number of population due to varied reasons like migration is the reason for the sudden boom in this arena. In order to fulfil their

need more and more residential as well as commercial projects have started. Another reason for this is the rapid growth of the software industry in India. The endeavour of IT based companies in the country has mainly contributed to the

cause.

Some of the other factors may include the accumulation of resource capital,

liberalization policies by the government, nuclear family concept, and rise in the travel and tour industry of the country. In today’s era, there are several youngsters working in MNC’s which results in an increase of capital to the resource. Further, the NRIs have started investing in the real estate projects in India.

Home loans are easily available at low rate of interest which adds to the cause. The Real Estate Investment Trust and the Real Estate Mutual Funds along with the

categorization of the Special Economic Zones into realty market is another reason for the boom.

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