Indian Real Estate has revived after a year long period of stagnation and declining transactional activity. Over the last three months, the real estate scenario of the country has taken a positive turn as a lot of development is seen on this front. The sentiments in the realty market are echoing signs of revival as both property investors and property developers are turning active.
India is developing at a fast pace and the rapid industrial expansion has bolstered the demand for housing and commercial space. Real estate builders are constantly working on meeting the growing consumer demands from both individuals and corporate companies. These developers aim at catering to the needs of all the classes by creating global standards of living along with affordable pricing.
Large scale developments are taking place all over the country among residential, commercial and retail sectors. From apartments, flats, independent houses, villas, deluxe houses, etc. in residential sector to commercial complexes, offices, plazas, SEZs, etc. in industrial sector to shops, retail outlets, food chains, entertainment zones, etc. in retail sector, every segment of real estate is being developed rapidly. Both the factors, increase in demand and varied investment options are leading to such immense growth of the realty industry.
Various property dealers are promising quality housing at affordable prices to catch attention of the property investors. This has resulted in generating afresh wave among property buyers who have been inactive and deferring their purchases. Property prices and rental values are also stabilizing in almost all the cities but are expected to spiral up soon. A huge boom in Indian real estate is due and according to leading property consultants will arrive soon. Not only metros would reap the benefits of this favorable position, tier-II cities will gain benefits too. In fact, tier-III and tier-IV cities are the ones seeing massive construction of property across all sectors and industries.
‘Affordable housing’ has become the new buzzword in the real estate industry today. It is interesting to know that a significant reason for the large-scale development in smaller cities is the upcoming trend of affordable housing. In the horde of providing high standard housing and value for money, the real estate developers are coming up with various projects in small towns. All these cities are going through a facelift as these builders are giving the realty scenario a makeover.
There are several other reasons for heating up of the real estate in India after the prolonged global slowdown. To know a little more, read on.
- Foreign and NRI investments in Indian realty. FDI (Foreign Direct Investment) in India’s property market has increased substantially since the time policy changes were introduced by the Government in 2005. The new alterations allowed 100% foreign investments in construction projects with fast-track approvals. But the major attraction for foreign investors is potential investment returns of more than 25 % in Indian projects which is way higher when compared to US and European markets.
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