The Indian real estate market is
exploding with many opportunities every day. Riding high on the backdrop of
encouraging infrastructural increase, changing economic matrix, and
affordability, the realty sector in the Indian country has managed to garner a
significant chunk of investment in the last few years.
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| Cosmicindia.in |
First, let’s start by looking at
the last period of low economic growth. Between 1995 and 2002, the Indian realestate economy chugged along at an annual rate of 4.9%. Those who’ve been in
the business long enough will tell you that real estate prices eased by 2-3% a
year across large cities like Delhi, Mumbai, Gurgaon, Noida and other metro
city. “So by the end of 2002 you had a 20% decline but the year-on-year decline
was very gradual,” according to an Indian real estate market developer who
declined to be named.
The sector had recorded a growth
of 7.8% in 2009-10 and then witnessed a downturn during the last fiscal to
6.5%. This was ideally fuelled by the global economic slowdown and accelerated
input costs.
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| www.cosmicindia.in |
The Indian real estate sector has
factors such as the demography and the development of infrastructure, which
work to attract further investment. The organized real estate scenario in the
country has managed to attract the attention of the FDIs in the country. In
fact, a report from the UN has declared that India ranks next only to China and
the US, among the list of most favored investment destination. It is estimated
that the FDI inflow to the real estate sector will increase by 20% during the
financial year 2012-13.
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Tags : real estate Indian market, current scenario of real estate property, rising prices of real estate property in NCR ,Cosmic Projects,Cosmic Structures.
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