In the past ten years or so, the Indian Real Estate Sector has undergone great economic transformation & witnessed many highs & lows. Real Estate In India also witnessed an all time high in 2007 & early 2008. During this period there was increased demand for real estate & considerable foreign investments too. The global economic slowdown affected the Indian Real Estate Sector too & there was a subsequent decline. But lately the real estate market has got back on track & the scenario is looking quite upbeat for investors nowadays.
Fact 1? Indian Real Estate Sector - The Second Highest Employment Generator There is no doubt about the fact Indian Real Estate Sector is one of the key sectors that contributes to the economic development of the country. Indian Real Estate Sector makes a generous contribution to the national income & GDP of the country & as much as a 10% annual increase is expected. Industry experts also predict a fast paced growth in the next 5 years. A faster growth means more job opportunities for real estate professionals.
Fact 2? Residential Segment - Driving The Growth Of The Real Estate Industry Of all the segments in the Indian Real Estate Sector, the housing segment is showing the highest growth rate. There are several reasons attributed to this growth - the topmost being the fast paced urbanization that is happening, the rising disposable incomes among buyers, etc. With rapid urbanization, there is bound to be increased demand for real estate. In fact, as per market experts the total worth of assets under construction (including residential, office & retail) add up to approx. 100 billion USD.
Fact 3? Demand For Commercial Space - At An Equal Footing With Residential Property Demand The demand for Commercial Space is also growing at a fast pace, all thanks to the growth in several sunshine service sectors & manufacturing industry also. Major cities like Mumbai, Delhi, NCR, Bangalore, Chennai, etc. are witnessing the increased demand for office space. With Real Estate In India attracting interest from both foreign & international investors alike, now is the best time to invest.