Real Estate in India

Recent growth and development in the Indian economy has made investment in the real estate more expensive. A recent study by Donald Trump shows an average annual growth of 30% estimated at about US $12 billion. Property prices in Bangalore, Pune , Mumbai and more recently Ahmedabad have appreciated by about 50% or more. Many factors are responsible for the property becoming “out of reach” for Indians in India.
 Growth in India’s commercial and retail real estate has brought about a boom in the construction of shopping malls and entertainment centers in many big as well as small cities of India.
 Information technology and BPO sectors offer high paying jobs, so demand for luxurious property has increased.
 Real estate in India being cheaper has caught the attention of NRIs , so the inflow of NRI funds for investment in the real estate has contributed to the rise in the real estate prices.
 Some foreign investors like Morgan Stanley, Merrill Lynch, GE Commercial Finance Real Estate etc have invested in real estate in India, as they find that the returns are higher in properties of India.
India’s growth is real estate growth too.