India has emerged as a leader in the global economy .real estate has become one of the fastest growing sectors in India. Further, the housing sector has been growing at an average of 34% annually and the hospitality industry witnessed a growth of 10-15% last year. It is perhaps one of the most vibrant sector of the country . Many foreign companies have started investing in India seeing its bright future here. Many 500 fortune companies have already developed research and development facilities in india. It has also helped increase in employment opportunities . the relaxed FDI rules implemented by india has given invitation to foreign investors. Real estate has become most lucrative field now a days in India.
The kind of policies introduced by the government has also helped real estate to boost. One more factor which is contributing to growth of real estate in India is growth and development of IT sector in India. In the commercial sector these IT parks and MNC’s have contributed a lot especially in the commercial sector. On the other hand better employment opportunities are also provided. The easy loan policy by many banks in India have also contributed to real estate. Many nationalized and multinational banks are now a days providing bank loans which has made middle class society also easily investing in real estate. Growth of Indian economy is one of the fastest in the world and it has also influenced real estate sector of india.
Real estate has become one of the most appealing sector in which domestic as well as foreign investors can invest easily. It is estimated that seventy percent of new construction is for IT industry. In India boom is there almost in every big city whether you go to Delhi, Bangalore or Pune Kolkata. Now the change in the thinking of people’s mind has initiated introduction of apartments more than a simple home. Earlier people just used to have home as a basic necessity. But now a days there is competition in terms of kind of home you have and kind of living standard you possess. Its about lifestyle now . for instance people just had security guard to protect themselves but now a days new housing colonies comprises of spa, swimming pool , different quality off marbles.
Some of the major contributing facts that have generally influenced the residential real esate industry is easy accessibility of funding ,constant growth in population, increase in nuclear families, migration of people to urban areas, MNC’s turning towards India to mention amongst few and the last but not the least FDI.
Author Bio:Piyush Group is one of the leading real estate company in india. Piyush Group is involved in development of Integrated Township, Group Housing Projects, Commercial Mall.Piyush Group is an ISO certified company
The kind of policies introduced by the government has also helped real estate to boost. One more factor which is contributing to growth of real estate in India is growth and development of IT sector in India. In the commercial sector these IT parks and MNC’s have contributed a lot especially in the commercial sector. On the other hand better employment opportunities are also provided. The easy loan policy by many banks in India have also contributed to real estate. Many nationalized and multinational banks are now a days providing bank loans which has made middle class society also easily investing in real estate. Growth of Indian economy is one of the fastest in the world and it has also influenced real estate sector of india.
Real estate has become one of the most appealing sector in which domestic as well as foreign investors can invest easily. It is estimated that seventy percent of new construction is for IT industry. In India boom is there almost in every big city whether you go to Delhi, Bangalore or Pune Kolkata. Now the change in the thinking of people’s mind has initiated introduction of apartments more than a simple home. Earlier people just used to have home as a basic necessity. But now a days there is competition in terms of kind of home you have and kind of living standard you possess. Its about lifestyle now . for instance people just had security guard to protect themselves but now a days new housing colonies comprises of spa, swimming pool , different quality off marbles.
Some of the major contributing facts that have generally influenced the residential real esate industry is easy accessibility of funding ,constant growth in population, increase in nuclear families, migration of people to urban areas, MNC’s turning towards India to mention amongst few and the last but not the least FDI.
Real Estate has increasing their share in the economic sector. It's really increasing their day by day.
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