Residential Real Estate Market and Land for Residential Property
Residential Real Estate Market and Land for Residential Property
India is a vast place.We will find two major aspect in the real estate market - residential real estate and commercial real estate .
Recently I come across an article in Article base by Aadi Sharma on real estate market. According to the article, the residential real estate sector forms an important part of the real estate industry. The demand for the residential sector is also increasing due to the growth in number of HNIs. In fact, the development of the residential real estate sector is no more restricted to metros only. It has spread to suburban regions, villages and SEZ.
The article has also mentioned ,the demand for residential real estate in India has not increased only among Indians but also among the NRIs. Everyone finds the market to be highly lucrative for investments. Due to the favorable policies at Government level like relaxed FDI rules, the prospect of residential real estate yields is quite high. Let us go through some features of residential real estate market in India.
On the other hand, the land for residential property is gaining importance in India as the demand for land is growing. Huge patch of land is required to develop residential township or colon. It needs special initiative to develop residential real estate. According to Mumbai based real estate development management company ProjectWell Management Pvt Ltd's website www.projectwell.com , the company is working in the field of perpetual income generation. The land will be in the hand of owners and they will develop the land into an income generating project.
As the time will roll on , the residential sector in India will attract man developer and investors.
About Projectwell:
ProjectWell is India's first and only Development Management Company. ProjectWell views projects from a 'cradle to cradle' perspective and derive solutions for the entire life-time of a real estate project. ProjectWell is involved in developing integrated communities which take you back to your childhood.