There are many unknown facts
about India Properties.In a country where there is traditionally the
predominance of the agricultural sector, that sector continues to be greatest
source of employment generation. It may be an unknown fact that the Indian
real estate sector is the second greatest employment provider in the
country. This sector significantly contributes to the national income and Gross
Domestic Product and it is expected there will be an average 10% increase
annually in these aspects. The recent slump in the property market in India
consequent upon the global economic downturn is reported to be evening out and
the industry is projected to register considerable growth in the coming years.
The observation of the international property consultants Jones Lang LaSalle is
significant in this context: "economic recovery during CY 2010-11 is
likely to reinvigorate the interest of foreign investors in India's real estate
market. We expect enhanced capital inflow in the real estate sector in the medium-to-long-term".
Again, Jones Lang LaSalle says, the faster economic growth of the nations like
India, China, Brazil and Russia will pay the way for faster recovery of the
real estate sector in those countries when compared with countries like the US
and the UK.
Yet another unknown fact about Indian
real estate is underlying in Jones Lang LaSalle's report which says
India property market will be in an upswing from the last quarter of 2009 and
over the next 5 years and the industry will attract up to US $ 12.11 billion
investment. Again, an estimably 150 square feet of office space will be
acquired by the IT and ITES sector alone by then year 2010. Another great
procurer of office spaces will be the organized retail marketing sector. It is
estimated that this sector will be in need of an additional 220 million square
feet space by 2010. This growth momentum will sweep across all tier-1 and
tier-2 cities. Further, a joint study conducted by Jones Lang LaSalle Meghraj
and Cushman & Wakefield India in association with Shopping Centres
Association of India, christened Mall Realities India 2010, says that during
2009 and 2010, a projected 100 malls of over 30 million square feet will be
opened in India.
It would be an unknown fact about
in real
estate India, that in the construction industry Indian companies are
making double the profitability for their projects when compared with their US
counterparts. Indian construction firms are making on an average 18 percent
profit while the US companies are making only half of that. Another unknown
fact is that foreign institutional investors (FIIs) are very much confident in
investing in Indian real estate and the there has been a whopping 400 percent
increase in the past six months.
