There is no denying the fact that
India is writing an economic growth story. Every sector in India is driving
fast on its growth path. Real estate sector in India is one
of those booming sectors that will not look back for several years to come.
Since everybody is discussing about property market, from buyers to investors
to realtors to developers, there is no dearth of exiting and upcoming real
estate projects in every corner of the country. With rapidly growing India real
estate sector, buyers and dwellers can look forward to an improved standard of
living. There are many reputed developers in India in different cities
including Delhi, Mumbai, Ahmadabad, Vadodara, Bangalore and more, that are
offering high quality residential, retail and commercial projects. Investing in
India has become a lucrative option not only for Indians but also for the
foreign investors due to the recent policies designed by the Government of
India. Increasing number of countries is looking forward to invest in Indian
lands.
In fact, India is on a stand
where it has displaced the US as the second most preferred nation for FDI
across the world. In fact, this is due to the positive outlook of the Indian
Government that has created the sudden boost in the Indian real estate
sector. Other factors that have contributed to this development include easy
availability of the property loans and the increasing higher earnings.
Real estate sector in India is
referred as the second largest employers in the country after agriculture.
Housing, retail, commercial and hospitality are four subcategories of this
sector. It is estimated that Indian real estate sector contributes to
approximately 5 percent to the GDP of the country. Though economy is growing,
there is shortage of the housing in the country that will grow even sever in coming
years. Similarly, demand for commercial space in tier 1 and tier 2 cities and
other cities are also growing.
To have a better idea about why
Indian real estate is in fast mode, let us
have a look at some relevant factors.
Increasing economic growth is
boosting the demand for commercial space and growing earning power is driving
demand for residential properties in urban areas.
FDI in real estate sector is one
of the prime factors boosting its growth in recent times.
Influx of foreign tourists has raised
the demand for well organized hospitality space which in turn needs real estate
services.
At the same time, demand for an
improved infrastructure has put a focus on upgraded airports, railways, ports
etc that will drive construction activities.
Some of the government
initiatives have helped in boosting the Indian real estate market. One of the
popular initiatives is of FDI up to 100 percent is permitted by the government
for developing townships.
Also when talking about real
estate development we cannot forget Gujarat, one of the fastest growing states
in the world and ranked NO. 1 state in India has its infrastructure growth in
leaps and bounds in the last decade. Also one of the top real estate developers
"Venus Infrastructure" in Gujarat has contributed a lot to it, with
one of the best residential, retail, commercial, hospitality and township
properties. Venus infrastructure is a leading developer in Gujarat, based in
Ahmedabad. Rated by CRISIL, Venus is the first real estate company in
Gujarat that has achieved ISO 14001:2004 certification in Environmental
Management.
Indian real estate
sector is experiencing never-before growth. The benefit of this growth story is
to be shared by all; buyers and developers as this is a win-win situation.
