Shailendra singh is an Professional Real Estate India consultant to provide the service to Mostly NRI, to invest money in India's booming real estate Sector since last 10 years, He is now the Managing Director of an leading property Management company and To learn more about this kit and receive your FREE Real Estate Wealth Newsletter go to http://www.investinnest.com
Real estate sector is always considered as backbone of Indian economy. It is the second largest employment provider next to agriculture which is growing annually at a rate of 25%-30%. In recent years, Indian realty is witnessing a high growth path. This is due to the following factors:
* Growing Indian economy
* Approximately 2 million graduates are produced every year in India that in turn create a demand for property market
* Growth of mall cultures
* Rising income levels of middle class
* Expansion of organized retail
* IT/ITES segments
* Other industrial establishments etc.
According to the Tenth Five Year Plan, there is a demand of about 22 million housing units in India. This will be the great booster for realty developers to construct projects catering to the different needs of the people. Thus, the players shift their focus to Tier-2 and Tier 3 cities to meet the current housing demand in India. The real estate sector contributes five percent to the country’s GDP growth.
Apart from metros, other cities in India are also witnessing a huge growth in terms of shopping malls, organized retail, hotels and healthcare that in turn also the growth drivers of Indian real estate scenario overall. Last but least, residential India property occupies 80% of total real estate developed; rest all commercial space in the country.
Growth drivers
* Government initiatives and reforms for realty sector
* Advent of affordable housing projects
* Advent of integrated townships projects
* Rapid expansion in Tier-I, Tier-II and Tier-III cities
* Corrected market rate valuations
* Drop in home loan interest rates
* SEZs
* Emergence of ‘Green Buildings’ concept
* Facilitation of foreign direct investments in real estate sector
* Increasing income levels of a rising middle class etc.
Real Estate Trend in India
With booming economy, there will be inexorable demand from all segments of Indian reality and predicted to grow at a phenomenal rate. Since the growth is not only restricted to metros, the top players are flocking the other cities to construct quality building to cater to the demand in that particular city. This trend is due to the fact that IT/ITES segments are moving from big cities to other cities to start up their operations. This shift has created more demand in both commercial and residential space. The rental value in other cities has also gone up in recent years. Thus, the concept of affordable and middle class housing is emerging in these cities as compared to luxury housing trends in metros.
Today, the major realty players are giving value for money to the buyers in terms of different value adds. They provide state of art ultra-modern amenities on par with international standards comprise of Wi-Fi enabled, intelligent housing, boom gate, billiards court, badminton, fitness clubs, children’s park, swimming pool, table tennis court, modular kitchen, modular bathrooms, earthquake resistant systems, security etc.
Real estate players
The leading real estate india players:
· Golden Gate Properties
· Puravankara
· Sobha developers
· EMAAR MGF
· ELD Spire Greens
· Mantri
· Hiranandani
· DLF etc.
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