India real estate scenario in 2015

The real estate sector has been the backbone of the Indian economy and has a key factor in economic growth. According to the data, the real estate sector contributes 8.53% of the total GDP and also experienced a growth rate of 30%. It is also important to point out that this sector has emerged as the fifth destination for foreign investment. According to a study by ICRA (Indian Credit Rating Agency), the real estate sector today ranks third out of the top 14 sectors of the economy.

Today, the Indian economy is developing rapidly and this has led to the migration of people from rural areas to cities. The shift from rural to urban areas is reflected in increased household spending. In order to meet the needs of property buyers, all types of properties are available in India, from high-priced properties to budget properties. Infrastructure, construction and property are considered as one sector, India is experiencing tremendous growth. Popular cities like Mumbai, Bangalore, Pune, Delhi, NCR, and Ahmedabad offer luxurious residential townships and well-developed commercial spaces for property buyers. Prestige Group, Manti Group, Lodha Group, Gaursons, Supertech, DLF, Godrej, Unnati Fortune Group, Sikka Group, Stellar and Ace Infrastructure are some of the leading real estate players offering all types of properties including detached houses, villas and commercial properties . In India.

The improvement in infrastructure and industrial development along with various changes in economic policies has increased the economic growth of India, which in turn influences the real estate sector.

According to the latest reports, real estate in India has shown price movements in the capital and rental values ​​in residential projects in major metropolitan areas: Delhi, Kolkata, Mumbai, Hyderabad, Bangalore, Pune and Chennai. The meters instilled new hope for the real estate industry.

As the real estate market grows, real estate trends keep changing and so do innovative methods to keep up with these changing trends. In India, you will find different types of properties including residential properties, commercial properties, and luxury municipalities.

To meet customer needs, many leading developers have devised ‘themed projects’ ranging from cultural themes like Greek, Spanish and Mediterranean to interest related themes like sports, Hollywood and many more. Some of the best examples of themed projects are Supertech’s Romano, Tata Housing’s La Montana and Prestige Group’s Lakeside Habitat. Therefore, not only end users but even low cost investors can earn profit from investments in India.

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