The Real Estate Industry in IndiaToday, the real estate industry in India has become one of the major investment sectors. This industry is playing an important role in the formation of the country’s economy in the present situation.
The Indian property bubbleThe Indian Real estate market has been declared as the property bubble in the year 2005 with the initiation of the foreign direct investment (FDI) policies by the government. This policy ensured that the Indian money which is stacked in Switzerland and other tax refuges can be acquired and used for real estate investment in India, which can also be away from the low-yielding dollar assets. Perhaps it is told that the Indian real estate is closer to that of European real estate. Henceforth, Indian property prices witness great fluctuations each year.
The importance of real estate in IndiaOwning a property in India is one of the greatest assets and is one of the most profitable investments in India. There are very less chances of a loss as the real estate growth graph is escalating day by day.
Factors responsible for the rapidgrowth of real estate in India The steady expansion and the development of the IT sectors in India have played a major role in the development of the real estate sector. The adoption of the Foreign Direct Investment (FDI) policy is another factor responsible for the growth of real estate sector. As mentioned earlier, the FDI policy has resulted in the arrival of foreign investors in the Indian real estate market.
The easy access to the bank loans has resulted in easy property investment. There are various national and multinational banks in India which offer easy property loans; naturally this makes it easy for the property buyers even from the middle-class society. The growth of the Indian economy is one of the fastest all over the world. This factor directly influences the real-estate sector of India. Major cities like Delhi NCR, Mumbai, Hyderabad, Chennai, Bangalore, Pune and Kolkata are greatly affected by the growth of Indian economy.
The NRI real estate trends in IndiaApart from just the increase of the Indian investors, there are also various NRI real estate investors. India which considers property investment as a real asset has changed the definition. The realtors have portrayed the property investment as an element of lifestyle and a splurge of luxurious apartments with beautiful commercial complexes and extraordinary retail ventures. This in turn has attracted the NRI potential property buyers.
Why should one invest in Indian real estate? The ever growing economy, increasing purchase power of people and demand for real estate sector. Demand for 100 million square feet for offices and industrial space. Presence of large number of renowned companies and a demand for office space.
Real estate in India creates huge returns. Also most NRIs are making a huge profit out of it. Development in various other sectors like IT, ITES, BPO, auto- components, chemicals, apparels,pharmaceuticals and jewellery which in turn attract more foreign investors.
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