In
India, Real Estate Industry has experienced
robust growth and is expected to be one of the fastest growing economies. Thanks to the advantage India; growing
demand, attractive opportunities, and the policy support. The demand for residential property has
gone up due to increased urbanization. As the economy is nurturing, the demand
for corporate, residential, academics, diversion (hotels, restaurants, theaters,
malls, etc.), retail space and it offers services like BPO properties is also increasing. As FDI in retail has
been allowed subject to certain conditions, the demand for retail space has
grown up to a greater extent.
Subsequently,
other sectors especially, education and healthcare requires space to work and that’s
why real estate is growing rapidly. The real estate sector in India assumed
greater importance with the liberalization of the economy, as the consequent increase
in business opportunities and labor migration led to rising demand for commercial and housing
space. These days, the real estate and
construction sectors are playing a crucial role in the overall development of
India’s core infrastructure. It is the second largest employer after
agriculture.
On
Government policies, it is really helping the real estate sector to prosper.
Like, government has raised housing loan limits which in turn help the getting
housing finances easier. Also, FDI is upto100 percent allowed for developing townships and
settlements. Since, townships are the trend in the real estate market; foreign
players are thereby investing in real estate industry in India. DLF and Godrej
are the important players in the Real Estate Industry.
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