Real Estate Industry in India

INTRODUCTION: The Indian economy has transformed substantively everyplace the croak two decades, growing consistently at an average of 8% and is poised to take its place among the leading economies in the days to come. Strong motion of the economy can be oddly attributed to healthy ingathering in manufacturing and service celestial sphere. The economic performance of India has provided strong impetus to the veritable demesne sector, which has been witnessing heightened activity in the recent years. Substantial end user and investor interest, large plateful investment in infrastructure and rapid urbanisation has contributed to the fruit trajectory of Indian real farming. The real estate growth story is clearly visible in urban centres much(prenominal) as Delhi, Mumbai, Bengaluru which has acquired global character and recognition. The real estate sector in the country is one of great importance. According to the story of the Technical Group on Estimation of Housing Shortage, an estimated deficit of 26.53 million houses during the Eleventh Five Year Plan (2007-12) provides a big investment opportunity.

India leads the ringing of top real estate investment markets in Asia for 2010, according to a study by PricewaterhouseCoopers (PwC) and Urban Land Institute, a global non-profit education and look for institute, released in December 2009. The report, which provides an outlook on Asia-Pacific real estate investment and development trends, points out that India, in particular Mumbai and Delhi, ar good real estate investment destinations. Residential properties are viewed as more promising than other sectors. While, Mumbai, Delhi and Bengaluru top the pack in the hotel buy prospects as well. The study is based on the opinions of over 270 international real estate professionals, including investors, developers, property company representatives, lenders, brokers and consultants. Further, real estate companies are coming up with various residential and commercial projects to fulfill the demand... If you want to get a estimable essay, order it on our website: Orderessay

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