subject: Real Estate Trend In India [print this page] Real estate sector is always considered the backbone of the Indian economy. It is the second largest provider of employment besides agriculture, growing annually at a rate of 25-30%. In recent years, the Indian Realty is witness to high growth path. This is due to the following factors:
* India's economic growth
* About 2 million graduates produced annually in India, which in turn creates a demand for real estate market
Crop growth Mall
* Income levels growing middle class
* Extending out regulations
* It/ITES segments
* Other industrial plants, etc.
The tenth five-year plan, at the request of about 22 million homes in India. This will be a great incentive for developers of real estate construction projects on the different needs of the people. Both players now their focus of Tier 2 and level 3 sites to meet the demand of the current housing in India. The real estate sector contributes five percent GDP growth for the country.
Those and other India also witnessed huge growth located Metro (s), shopping centres, retail, hotels and medical care, which in turn also India real estate scenario, the total amount of growth factors. Last, but not less than 80% of the size of residential real estate is very developed; Export the entire commercial space sector in the country.
Growth drivers
* Government initiatives and the real estate sector reforms
The advent of affordable housing projects
* Integrated township projects
* The rapid expansion in tier-I, level II, and city level III
* Fixed the rate of market assessments
* The decrease in interest rates, home loans
* SEZs
' Green Buildings rise ' concept
Foreign direct investment in the real estate sector facilitation
* Increase in the incomes of a growing middle class, etc..
Real estate trend in India
With the booming economy, there will be inexorable demand of all segments of the Indian reality and is expected to grow a phenomenal. Because growth is not limited only to metros, the best players that flows the other cities to build quality construction to meet the demand in that particular city. This trend is due to it/ITES segments are moving from large cities to other cities to start their operations. This change has created more demand in the residential and commercial space. The value of car in other cities also are gone in recent years. So is the concept of affordable housing in these cities in middle class and luxury housing trends in subways.
Adds major players today realty give value for money for consumers in terms of another value. They provide knowledge ultra modern facilities with the international standards constitute the Wi-Fi enabled, intelligent Housing Boom gate, Billiards, badminton, fitness clubs, kids/Park, swimming pool, tennis court, table tennis, modular, modular kitchen, bathrooms, persistent earthquake system, security, etc.
