See any newspaper or online
article and it will talk about the real estate development in India today!
Thanks to multitude of small and big construction projects across the country,
India has awakened to real estate growth. In fact, according to government
agencies, the real estate growth (malls, commercial complexes, multiplexes,
townships, other commercial complexes and residential properties) has attracted
a consolidated foreign direct investment of around US $ 1048 million in the
financial year of 2010-2011.
With every consecutive year,
India is showing growth and development across tier 2 and tier 3 cities. Cities
like Mumbai, Delhi, and Bangalore etc have witnessed stupendous growth and a
rise in real estate prices for nearly a decade now! The reason why foreigners
want to invest in Indian realty market is because of the fact that investment
is less and return on that investment over a period of time is manifold. This
is mainly because India is a developing economy and ROI will thus be positive
in terms of real estate development.
Real estate is growing so fast in
India because of other reasons also. Industries and sectors like IT and ITES,
construction, software, medicine, education sector etc are growing at a very
fast rate. When such industries grow, job environment is better, spending power
is more, lifestyle improves and influx of population also increases. All these
factors put together act as a stimulus for real estate growth – both commercial
and residential. There are few other strong stimuli like:
India is a
country of over a billion people and the economy is developing. Hence real
estate is growing too
Foreigners like
the fact that India is a culturally diverse country and is open to FDI. Coupled
with the fact that everyone knows English language, communication plays a very
important factor in driving FDI
Indian
government is comparatively more stable that other countries government
All these factors coupled
together, make Indian real estate a great industry to flourish and thrive. Its
growth is dependent on other industries and the growth of people also. Hence an
overall development is imperative.
Writer: Ravi Chauhan is a Real
Estate Broker in Delhi and he loves to explore the sites like Lotus
Greens and Lotus Square Noida to
polish his experience and skills. He makes wise decisions and serves his
clients to provide maximum profit in real estate industry.