A Complete Research About Real Estate Sector In India

These days, everyone needs to have comfortable stay at a prime location

. With increasing population, need for accommodation is also going high. Because of infrastructure and facilities in cities, we have seen huge migration from rural areas to urban areas. With migration, the main issue that raises is accommodation. Government in India has taken several initiatives to address issue of accommodation. Many planned cities like Chandigarh, Jamshedpur, Bokaro, Bhubaneswar and others came into existence. Planning commission in India has started rajiv gandhi urban development mission so as to assure standard of cities.

In India there is huge difference in value of real estate, value of property in Arunachal Pradesh is unmatchable to property in Punjab. India can be divided into three parts as per development and available infrastructure.

1. Highly valuable Area: Value of real estate is directly proportional to development in that area. Some of Indian states namely Maharashtra, Punjab, Haryana, NCR and south Indian states are on the top of chart in terms of value of property. Financial capital Mumbai and National capital New Delhi have shown significant growth over the last few years. With mounting price of commercial and residential properties in cities, owning a property is becoming a dream for new comers in cities. To have property in Punjab is always advisable from real estate experts as this state has shown tremendous growth over the last few years. We have seen many disputes related to land acquisition mainly in national capital region and this story never got place in Punjab, so it is safe to have investment in Punjab.

2. Medium valued Regions: These areas are mainly Hindi speaking states of northern and eastern India. Namely Uttar Pradesh, Bihar, Madhya Pradesh, Jharkhand are among these states, which got value for their properties at mid level. Every state has its own issue for lagging behind in development. The main reason behind fade economy of these states are government policies. In India these states are called as Beemaru states because of their performance.

3. Low valued states: These states are in worst condition as per their economical conditions and investments. Namely these states are North eastern states ( seven sisters ), some parts of Himachal Pradesh and Jammu Kashmir.

Finally we can say that value of real estate has really grown in some parts of country proportionally to development out there. If we consider northern states then property in Punjab or Haryana can result in tremendous returns. We have seen many companies coming in real estate sector, which is a sign of possibilities in this sector.

by: yaduveerjasrotia

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