The real estate sector in India is one of the most important sectors which contribute to the GDP of the country. The total Indian real estate market comprises of residential property which accounts to 80% and the remaining includes commercial property sites which are utilized for shopping malls, hospitals and so forth. The Indian government has recently launched various packages to unlock the huge potential of the real estate sector in India. The government has introduced various progressive reforms to allure foreign investors to invest capital in the real estate sectors in India.
Reasons for Growth of Real Estate Sector
The real estate market in India offers huge investment opportunity to increase the wealth of individuals. With the growth of IT sectors in the country, salaried individuals have great amount of surplus wealth which is invested in land and property. This has further led to the scarcity and demand for residential properties in major cities such as Bangalore, Mumbai, Chennai and Delhi.
Due to the growth of real estate sector in India, the country has witnessed a huge development in various sectors of the economy. Property investment is considered to be one of the most lucrative deals with the prices of land and property increasing with each passing day. Moreover, today most of the banks offer loans for purchasing land and properties in India.
Residential property has witnessed a sudden scarcity and demand as a large number of people choose to invest in luxury apartments and homes in major cities. This has further escalated the prices of the property in various segments of the country. With a huge flow of capital into the country from foreign investors and companies, most of the commercial properties are used for NRI companies in cities. This has further increased the job opportunities for people in India.
However, investors consider various perspectives before investing in lucrative fields. The type of property, location, prices, inflation and various other factors affect the sales and purchase of properties in India. Nevertheless, the real estate sector in India is among the most lucrative fields for investments as it promises excellent returns in future.
2 comments:
Property Investment Mackay has encountered a lot of issues on real estate. But staying positive is what they have done and that is why they have faced those issues and conquered it. I believe that for us to be able to succeed, we have to overcome our fears and stay positive in everything that we do.
http://property-investment-mackay.blogspot.com/2013/06/4-steps-to-making-money-with-real.html
Sir, I agree with your presentation here on real estate market India. Thanks for sharing.
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