Getting Closer to the Indian Real Estate Scenario
The real estate market in India is experiencing its golden phase; thanks to the growing demand for infrastructure in the country. With healthy economic trends, both in the commercial and residential sectors, real estate has been successful to emerge as one of the hot favorite investment options across the country!
The commercial real estate demand in India is chiefly led by the growing services sector in the country. The Information Technology (IT) sector alone is believed to account for 150 million sq.ft. of space to conduct its operations throughout the country by the end of 2010. Another major factor contributing to the growth of commercial real estate is retailing. This industry is expected to grow beyond 25% in the coming years. With more than 50 shopping malls cropping up at the NCR, Mumbai, Bangalore, Chennai, Chandigarh, Ludhiana and Ahmadabad, real estate developers are looking forward to a phenomenal growth.
The scenario in residential real estate is equally appeasing. As the Indian middle class continues to expand, the demand residential unit grows by folds. Rise of income apart, the common people are benefited by the numerous home loan schemes offered by financial institutions like SBI, ICICI, HSBC, HDFC, etc. This is indeed good news for real estate developers, who will have no dearth of customers purchase to buy new homes.
The real estate industry has evolved itself to adopt corporate style of management. The developers are also approaching capital markets to raise capital for financing their big shot projects. For instance, DLF, Ansals, Parsvnath and Omaxe introduced their Initial Public Offering (IPO) with similar projects in the pipeline.
The support of the Indian Government has been encouraging- it has allowed 100% FDI in real estate projects. Besides, big foreign companies are also investing capital to operate their projects in India. A real estate consultancy reports that around USD 10 billion of investment in likely to be conducted in the real estate industry within the next two years. In fact, buying and selling properties in the metros have become a lot easier with real estate boom across the country. You can buy property in NCR, sell property in Bangalore, or even rent property in Chennai with equal ease. The coming years awaits even more unexpected upsurge in the real estate sector across the country.
Wain Roy is an internet marketing professional expert in various industries like real estate, web design, finance, medical tourism, pharmacy drug and sell property in Bangalore
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