Scope of Real Estate Business in North India

There is a vast scope for real estate business in North India in present scenario. The demand for real estate properties had decreased in previous years due to the gloom picture of economic slowdown. But the conditions have improved recently and investments in real estate have picked up momentum again.

The real estate business is inter-linked with industrial growth and urbanization. With the increased attraction towards modern infrastructure and technology, people are drifting towards cities from rural areas and demand is ever increasing for real estate properties. Demand for residential property has increased too much as against supply. Because of lesser availability of housing plots and flats, people are willing to pay more to get the property which in turn has attracted more and more business men towards realty sector eyeing the profits in this sector. A number of real estate companies construction services sectors have developed in and around the cities of Delhi, Ghaziabad, Noida, Gurgaon, Mohali, Jaipur, Chandigarh, Amritsar, and Ludhiana. 

With the advent of more and more multi- national and IT companies in Indian cities, the realty sector has a very lucrative future in India. The change in our government policies and boom in IT industry supported by expanding tourism and travel industry and changing atmosphere of family relationships are all contributing to the growth of realty sector. Seven townships planned along Delhi-Jaipur expressway recently indicate this trend of growing attraction towards realty business. Some of the top most real estate companies in north India are DLF Ltd., OMAXE Ltd., UNITECH, ANSAL API, Parsvanath Developers Ltd., Jaypee Homes and Raheja Developers etc.

People are becoming more and more attracted towards the modern stylish life of living in gated communities, luxurious villas, sky high apartments with lucrative designs, luxurious life styles with hi-fi modern amenities and recreational facilities all within the gated community. With all these factors contributing to the increasing demand for residential apartments, the real estate business has a very good fortune in store. The increasing support from government through relaxation of realty business laws and making availability of loans easier for this sector, the real estate companies can prosper a lot in this business.