Real Estate Still Shines Bright for India

As far as India is concerned, real estate industry segment is one of the brightest starts when it comes to contributing towards the country’s gross domestic products (GDP). As far as the information is concerned, the real estate industry is the second’s largest employer in India, second only to Agriculture.  Real estate industry in India contributes 6.3% of GDP.

Delhi NCR Real Estate Market

The real estate industry in India is a very special marketplace segment, as according to latest survey of 2014, the overall value of this industry is estimated at $67 billion. This particular figure is estimated to touch $180 billion by the year 2020. Experts also believe that Foreign Direct Investment or (FDI) in real estate industry to grow to $24 billion in the next 10 years from the current valuation of about $4 billion.

Giving more importance to India’s economy, it is important to understand that India’s real estate industry is one of the fastest growing real estate sectors in the world. Fueling this segment ahead, the growing income has enabled the Indian middle class to take up real estate as an investment class. This has fueled a tremendous growth in demand. And as far as job creation is concerned, this sector creates 7.6 million jobs and this figure is expected to grow to 17 million by 2025.

As far as the real estate market in India is concerned, there are four sub-sectors of the Indian real estate sector – housing, hospitality, retail and commercial. As it goes, primarily due to transportation creation and further establishment of larger metros, the accommodation industry has seen vast demand over the last decade. 

It is important to understand that both retail and commercial space demand generation is primarily happening from metro cities of the Indian city. The business in this space of real estate industry looks like to be shifting from sales to lease and maintenance model. 

As we move ahead, the real estate sector in India is ideally poised to grow in a improved way. As far as investment opportunities are concerned, real estate market is still the best options to invest and prosper ahead.

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