Real estate sector considered backbone Indian economy. largest employment provider nt agriculture growing annually rate 25%-30%. recent years, Indian realty witnessing hh growth path. Ts following factors:
* Growing Indian economy
* Approximately 2 million graduates produced India create demand property market
* Growth mall cultures
* Rising income levels middle class
* Expansion organized retail
* IT/ITES segments
* industrial establishments etc.
According Tenth Fe Yr Plan, demand 22 million housing units India. wl booster realty developers construct projects catering dt people. Thus, players shift tr focus Tier-2 Tier 3 cities meet current housing demand India. real estate sector contributes percent country’s GDP growth.
Apart fm metros, or cities India witnessing huge growth terms shopping malls, organized retail, hotels healthcare ao growth drivers Indian real estate scenario overall. least, residential India property occupies 80% total real estate developed; rest commercial space country.
Growth drivers
* Government initiatives reforms realty sector
* Advent affordable housing projects
* Advent integrated townships projects
* Rapid expansion Tier-I, Tier-II Tier-III cities
* Corrected market rate valuations
* Drop home loan rates
* SEZs
* Emergence ‘Green Buildings’ concept
* Facilitation foreign direct investments real estate sector
* Increasing income levels rising middle class etc.
Real Estate Trend India
With booming economy, wl inexorable demand segments Indian reality predicted grow phenomenal rate. growth restricted metros, players flocking cities construct quality building cater demand particular city. trend IT/ITES segments moving fm cities cities start operations. shift created demand bh commercial residential space. rental value or cities gone recent years. Thus, concept affordable middle class housing emerging cities compared luxury housing trends metros.
Today, major realty players giving value money buyers terms value adds. provide art ultra-modern amenities par wh international standards comprise Wi-Fi enabled, intelligent housing, boom gate, billiards court, badminton, fitness clubs, children’s park, swimming pool, table tennis court, modular kitchen, modular bathrooms, earthquake resistant systems, security etc.
Real estate players
The leading real estate india players:
· Golden Gate Properties
· Puravankara
· Sobha developers
· EMAAR MGF
· ELD Spire Greens
· Mantri
· Hiranandani
· DLF etc.
Shailendra singh Professional Real Estate India consultant provide service NRI, invest money India’s booming real estate Sector se lt 10 years, Managing Director leading property Management company learn kit receive FREE Real Estate Wealth Newsletter http://www.investinnest.com Article Source:http://www.articlesbase.com/real-estate-articles/real-estate-trend-in-india-1162535.html
