Enjoying an unenviable high growth curve, real estate industry in India in all likelihood would continue to grow at exponential rate of 33 per cent CAGR (compound annual growth rate) till 2015.
Hence, the current boom is likely to sustain for at least five more years, giving ample reasons to invest in the lucrative market.
According to studies, the Indian real estate industry is likely to grow from US$ 12 billion in 2005 to US$ 90 billion in by 2015.
The trend of multi-storey building will continue to dominate the real estate sector of metropolitan cities and in all certainty spread to small cities and towns changing the skyline of the country within a span of next four-to-five years.
The demand for growth in real estate sector is being led by the booming retail sector, IT & ITES companies, residential housing, and hospitality industries.
In the past couple of years the number of shopping malls and residential complexes have increased all over the country and are likely to double in the next few years.
Easy home loans from banks have further facilitated the spurt in real estate boom by shifting the attitude of people from 'save and buy' to 'buy and repay'.
People who already have one house are going in for a second house to harp on the rising prices of the property every few month.
The other major factor driving the boom in Indian real estate market is the entry of foreign players who are advantaging from the relaxed FDI norms to reap benefits of the "most exciting real estate market in Asia".
Key foreign players who have entered or are planning to enter the Indian real estate market in India are Jones Lang LaSalle (JLL), Dubai-based DAMAC Properties, Merrill Lynch & Co, UAE-based real estate company-Rakeen, Dubai-based Nakheel and Hines of the US have tied up with DLF, Dubai World, Trump Organisation of US, Smart City of Dubai, Plus Properties, ABG Group and Al Fara's Properties etc.
The lucrative real estate market in India is also driving the interest of Non-Resident Indians who are buying property for themselves, for their family members or just to make investments and reaping benefits.
The demand is so much that builders are coming up with townships and apartments especially for NRIs.
Endowed with all modern amenities and five-star luxuries, these apartments cost a heavy price that NRIs are willing to pay.
So, if you are planning to invest in property in India tomorrow, plan it today.
The demand is tremendous in the sector and prices are rising by the day.
According to experts, a prudent decision is to buy today and reap benefits tomorrow!
Hence, the current boom is likely to sustain for at least five more years, giving ample reasons to invest in the lucrative market.
According to studies, the Indian real estate industry is likely to grow from US$ 12 billion in 2005 to US$ 90 billion in by 2015.
The trend of multi-storey building will continue to dominate the real estate sector of metropolitan cities and in all certainty spread to small cities and towns changing the skyline of the country within a span of next four-to-five years.
The demand for growth in real estate sector is being led by the booming retail sector, IT & ITES companies, residential housing, and hospitality industries.
In the past couple of years the number of shopping malls and residential complexes have increased all over the country and are likely to double in the next few years.
Easy home loans from banks have further facilitated the spurt in real estate boom by shifting the attitude of people from 'save and buy' to 'buy and repay'.
People who already have one house are going in for a second house to harp on the rising prices of the property every few month.
The other major factor driving the boom in Indian real estate market is the entry of foreign players who are advantaging from the relaxed FDI norms to reap benefits of the "most exciting real estate market in Asia".
Key foreign players who have entered or are planning to enter the Indian real estate market in India are Jones Lang LaSalle (JLL), Dubai-based DAMAC Properties, Merrill Lynch & Co, UAE-based real estate company-Rakeen, Dubai-based Nakheel and Hines of the US have tied up with DLF, Dubai World, Trump Organisation of US, Smart City of Dubai, Plus Properties, ABG Group and Al Fara's Properties etc.
The lucrative real estate market in India is also driving the interest of Non-Resident Indians who are buying property for themselves, for their family members or just to make investments and reaping benefits.
The demand is so much that builders are coming up with townships and apartments especially for NRIs.
Endowed with all modern amenities and five-star luxuries, these apartments cost a heavy price that NRIs are willing to pay.
So, if you are planning to invest in property in India tomorrow, plan it today.
The demand is tremendous in the sector and prices are rising by the day.
According to experts, a prudent decision is to buy today and reap benefits tomorrow!
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