PIndian Real Estate Market has grown with time. The main reason for the accelerated growth can be contributed to the fact that the industry is very flexible in nature.
The development has caused higher aspirations for better standards of living and a good quality of life.
The rapid increase has been because of the relaxed policies of our government regarding Foreign Direct Investment which favors economic development of the country as well as easy Home Loan terms and conditions with an increase in the income of people, degree of urbanization, and their purchasing power. All this has helped shape up the Indian realty sector.
Some of the factors that have given a boost to the Indian Real Estate Market are the FDI policies have increased the amount of Foreign Investment in India. Owing to this our country ranks second most preferred location for Real Estate Investment in the world.
After Agriculture Industry, Real Estate has become the second highest employer.
Real estate whether Residential, Commercial, Retail is being developed on full scale in many different cities of the country.
The large number of people getting education in India will demand over 100 million sq feet of office and industrial spaces.
More so, India has been a host to Fortune 500 companies which in turn attract more companies to make this country their operational base which will also require more office space in future.
Thus it is evident that the Real estate Industry in India will see a lot of work in the years to come.