Sky Rocketing Prices of Real Estate in India

Well you are at right place if you have planned to buy a house or property in India. In the purpose, individuals need everything best from reliable agent who can guide you, well established company for home finance and insurance, credential professionals to design your dream home to superior quality furniture.

Due to booming economy, favorable demographics and open foreign direct investment (FDI) system, the demand of real estate sector of India has mushroomed incredibly. A number of IT parks and residential townships being constructed across-India.

A wide range of factors that include rising income of middle class, increasing nuclear families, low interest rates and changing attitude of this modern generation has boosted up housing demand. Today’s young working population considers theory of save and buy to buy and repay also increases demand of property in India.

Commercial office spaces requirement has incredibly increased due to mushrooming outsourcing, information technology and organized retail sector. If sources are to be believed, it is estimated that IT and ITES alone required 150 million sqft across urban India by 2010. Moreover, it is expected that organized retail sector required an additional 220 million sqft by 2010-11. With the rapid growth of Indian economy, the demand of commercial property has increased to fulfill the needs of business that includes state-of-the-art offices, hotels, shopping centres and warehouses.

After seeing the prices of Indian real estate is sky rocketing and estimating it will increase for a next few years, a number of prominent global players such as Carlyle, Blackstone, HSBC Financial Services, Morgan Stanley, Trikona, Warbus Pincus, Americorp Ventures, Barclays, Citigroup, et cetera have all already entered into the Indian real estate market.

According to the experts in the real estate market, the demand for all segments of the real estate sector will continue to grow. It is expected that the Indian real estate industry will grow from US$ 12 billion in 2005-06 to US$ 90 billion in by 2014-15.

Due to boom in residential housing, IT, ITES, organized retail and hospitality industries, the demand of Indian reality industry has been increasing day by day. It is assumed that foreign direct investment (FDI) alone might see a close to six-fold fly to US$ 30 billion over the next 8 to 10 years.

So, if you are interested to invest in India, then go through our website as we are associated with renowned property dealers who offer a wide range of facilities to our customers. Our motto is customers’ satisfaction is our satisfaction.

Martinez is currently working as an expert author for Real Estate Development in India. He writes for real estate and real estate related matters like Real estate growth, Real estate guide, Real estate companies, Commercial Real Estate and provides advices on such issues. For more details information on Real estate investors, Real estate jobs, Real estate agencies, real estate india.

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