Growth of real estate in India

Aug 14, 2013 by

The Indian economy is growing at a fast pace for the past few years. During the past years, the real estate market has contributed a lot in the growth and development of the nation. According to recent news by Indian government, the realty market in India contributes nearly 10% to the national GDP. There is no clear idea of why there is such a huge demand and rapid growth in the realty industry. Real estate prices are not affordable for the common man these days. One can find plenty of IT parks, with many MNCs entering in India. You can also find a number of NRIs, traders, doctors, engineers, etc. who are willing to spend crores of rupees for their dream home. With such a rise in price and demand, it has become impossible for a common man to invest in buying a house.

If we have a look at the reasons for the increase in real estate price, we will find the first reason to be ‘trading’. Countless major firms like IBM, Intel, Accenture, PWC, etc. have got huge offices and facilities in India. If you intend to be a part of the world’s growing economy, you ought to be here. Therefore, you need excellent office along with residential area. Building space can be found in almost all the major cities, where you can get annual rental nearly 12 to 15 percent. Most developers can assist with leasing of the spaces and will guarantee a return for a while. Multiple elevators assist the buildings and enable easy gain access to and exit. Growing urbanization, along with widespread migration of population from rural to urban locations seeking employment, greater income, and better residing conditions led to an increased demand for housing and commercial properties in your community. State Governments have provided green signal to develop residential townships, commercial centers, and departmental stores near professional hubs. Many huge residential tasks along with commercial tasks have sprung to cater the demands of real estate property.

There are a number of websites that provide you with the best solution to buy your dream house in India. RealtyNewsClub.com is one such website that caters to your requirements in this fast developing Indian real estate sector. You can expect the best advice about prices, locations and other market conditions by approaching this firm. The website is easy to use and you can find the latest and updated news on this website.

Related Posts

Tags

Share This

Leave a Reply

Your email address will not be published. Required fields are marked *