Real Estate Info

India real estate is one of the most dynamic sectors in the country and reach new heights. However, this rapid growth is dependent on the government policy to facilitate investment in terms of foreign direct investment (FDI) in India properties and a booming economy.

According to an official government report in March 2007, “India has attracted $ 3 billion of real estate. The roaring housing market India is now expected to contribute about 30 billion years to come. Compared to the year Last real estate 2007 has gone doubled.

The boom in real estate sector is leveraged to the different parts of the country like Mumbai, Delhi, Kolkata, Chennai, Hyderabad and Chennai in all areas such as residential, retail, healthcare and commercial developments. In reality, the sector is becoming more intense due to the increasing interest of foreign investors and NRIs who made the cost of real estate Indians beyond its actual limits. For example, Morgan Stanley has invested about $ 152 million in Mumbai real estate, claiming to be the biggest investment in Indian real estate.

Market Growth

The real estate sector in India is experiencing a growth rate of 30% per annum over the next decade, estimated at U.S. $ 15 billion and attracting foreign investment worth 30 billion dollars. Residential development contributes 80% of real estate in India and the remaining 20% is for development of commercial properties, including offices, malls, hotels, hospitals, entertainment multiplexes.

The IT and ITES sector has contributed significantly to the growth of real estate in India is estimated at 150 million square feet of acquiring office space across India by 2010. Because of these requirements mass from the commercial sector in the real estate growth in India is increasing at a rapid pace.

Market Trend

India is a growing economy and recorded a growth of 8. 1% in the last fiscal year. Therefore, investors are eyeing Indian property and loans to invest in the right time to make huge profits for the following reasons:

· Levels Rising incomes of a growing middle class

· The growth in space requirements for commercial office is headed by the burgeoning outsourcing and information technology (IT) and organized distribution

ΠIt is a strong demand for office and industrial space of 100 million square feet to accommodate approximately 2 million new graduates from various universities in India recently.

ΠIt is a huge demand for space companies in a number of Fortune 500 companies and other multinationals are willing to put up offices in India

· India is growing in other sectors such as automotive accessories, chemicals, health, pharmaceuticals, jewelry, leading to strong demand in this space as well.

Challenges

A recent survey by Ernst & Young Realty Pulse appointed summarized the following challenges in the real estate sector booming in India:

· Availability of quality manpower

· Costs Rise of manpower and equipment

· Plan Approval and authorization to delay are considered one of the biggest regulatory challenge

· The need for an apex regulatory authority / Council to facilitate the process in a very transparent

Real estate players

The leading real estate players in India:

Properties · Golden Gate

Puravankara ·

Sobha · Developer

EMAAR MGF ·

· ELD Spire Greens

· Mantri

· Hiranandani

· DLF etc.

Future Roadmap

With a booming economy, there will be more demand in all sectors of real estate and grow at a phenomenal rate. Thus, the real estate industry, real Indians should increase by 12 billion dollars in 2005 to U.S. $ 90 billion in 2015. This industry is likely to grow in tandem both in residential and commercial property development to continue huge influx of FDI in this sector will become a figure six times to 30 billion dollars over the next 10 years .

 

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