Indian Real-estate industry has become one of the biggest investment sectors over the past few years. Currently, it plays a major role in shaping the country's economy. This sector is witnessing a marked boon owing to changing trends and developments. Some of the major factors responsible for the current upward movement of the Indian real estate graph are as follows:
- Steady expansion and development in the IT sector of India: In India there has been a constant expansion in the IT sector. Various MNC's and corporate houses have come up that have given way to the growth in the real-estate sector especially in the commercial property sector. This has also provided better employment opportunities to the people of India and thus helping in the overall growth of the Indian economy and subsequently in the growth of the real estate.
- Adoption of Foreign Direct Investment (FDI) policy: The growth in the real estate sector of India largely depends on its government policies. Currently, the government of India has adopted Foreign Direct Investment (FDI) policy, which has allowed the coming in of the foreign investors in the Indian real estate market. Some of the world's famous builders are taking keen interest in investing in the Indian real-estate market. Coming in of foreign builders' promises better prospects in the Indian real estate industry in terms of regulatory policy, efficient management, and the use of more advanced technology. This ensures that the Indian real estate has a brighter future.
- Easy access to bank loans: Today, various national and multinational banks are present in India that has made the home/property loans easily accessible. So, buying a property is not difficult even for those belonging to middle-class. Thus, it has enabled the overall growth of the Indian real estate.
- Growth in Indian economy: Indian economy is one of the fastest growing economies of the world. It has a direct influence on the real-estate sector of India. Some of the major areas which have been greatly affected by the growth in Indian economy are Delhi NCR, Mumbai, Hyderabad, Chennai, Bangalore, Pune and Kolkata. This growth is observed in all forms of property such as commercial, residential and industrial.
Today, the investors from all the major sectors are getting attracted towards the Indian the real-estate sector. This sector has become a centre of attention amongst all the corporate sectors of India. Owing to all the recent developments in the Indian real estate sector, it has moved five places upwards in world rankings.
16 January, 2023 at 6:04 pm
Thank you for your informative blog.