The three words- Liberalization, Privatization and Globalization have completely changed the face of Indian Real estate Industry. The realty sector in India has now moved from being a location specific to being a reputation specific. The feel good factor prevalent in the realty business is also helping get a number of foreign investors who are ready to invest big bucks. This has led to what is known as the realty industry boom in the country. The real estate business is slowly gaining reputation of one, which returns big bucks and is risk-free.
With more and more foreign players investing in the real estate business, there has been no dearth of capital for future constructions. And this capital is very important from the point of view of infrastructural development. Also, government is taking various steps to ensure that this capital flow does not stop. Hence, in 2006, government passed a law, which allowed hundred percent FDI in the construction and development sector. This measure taken by the centre has only helped in the increase of rate of fund inflow.
According to the tenth five-year plan formulated by the central government, the Indian Real Estate sector requires an investment of Rs 1,108,800 crore approximately. Rs 1, 72,000 crore has been set aside by a committee headed by the Prime Minister for the development of national highways. Also, it has been estimated that in the next five years the total amount of Foreign Direct Investment (FDI), which the country will attract in the real estate sector, will cross the $150 billion mark.
Knight Frank, global real estate consulting group has put India in the 5th position amongst the top thirty emerging retail markets in the world. The survey has also predicted a 20% growth in the organized retail sector by the year 2010.
Thus, it won?t be wrong to say that the Indian Real Estate Industry is staring at a major revolution. And what is heartening to see is that the revolution is not only happening in the cities but is starting to grip small towns as well as villages. There are many villages, which have been converted into technological hubs in last few years. Also, the growth of the Indian realty sector has been multi-dimensional. Hence, there has been equivalent development in all the areas be it residential or commercial or logistics. Also, the boom of the realty sector has been given fuel by the fact that loans are available quite easily now days. With new concepts like bad credit loans, etc emerging, getting a loan today is just a matter of filling out a few forms.
The face of the Indian realty industry is changing very fast. Old is gone and it is the new which is catching everyone?s eye. And this is where our website www.RealEstateSitesIndia.com comes into picture. Be it a metro or a village, the site has the listings of all the realty sites in the country. You name a site and you have its links ready in front of you.
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