Indian Real Estate

The Real Estate Sector has witnessed a significant growth rate in the past few years. The obvious effects of liberalization can be seen as rise in business opportunities and labor migration that further resulted in high demand for commercial and residential properties, majorly in the urbanized parts of the country. No wonder, just like the agricultural sector, the Real Estate Sector has a significant role to play in the overall growth of India and its habitants.

Majorly, the growth of Real Estate in India is directly associated with the evident improvement in sectors such as hospitality, entertainment and retail that include hotels, cinema theatres, resorts, etc. Besides, economic services including hospitals and educational institutions and Information Technology enabled services basically including BPOs, KPOs, Call Centers, etc. also play a significant part in contributing to the growth of the Real Estate Sector in India.

All in all, the Indian Real Estate Industry is going through a positive transformation. People who are directly or indirectly associated with the Indian Real Estate Sector are sure to get high returns in the near future since there are several favorable factors to capitalize on.

Some of the major factors that have greatly influenced the Residential Real Estate Industry in India are:

• Easy accessibility of funding

• Constant growth in population

• Abundant employment opportunities in service sectors

• Influx in the number of people migrating to urban areas

• Increase in nuclear families

• Increasing income levels and purchasing power

• Feasible policies for the Non Residential Indians (NRIs) to invest in properties in India

Also, some of the major reasons for the increased demand for Commercial Real Estate can be stated as:

• Liberalized legislative framework regarding investment in Real Estate Sector

• Increase in the number of Multi National Companies

• Foreign Direct Investment

• Requirement of huge office spaces

• Well-developed infrastructural facilities resulting in the initiation of significant construction projects

Considering that the Real Estate Sector of India has emerged as one of the most flourishing segments, it is judiciously the best time for industrialists as well as common man to look out for investing opportunities.

References:

http://www.moneycontrol.com/master_your_money/stocks_news_consumption.php?autono=1073556

http://www.ibef.org/industry/real-estate-india.aspx

https://in.finance.yahoo.com/news/indian-real-estate-market-likely-fair-2015-101814123.html