Now we shall discuss the real estate trends in India in a detailed manner. We can see its impact and growth in the overall view. There has been a tremendous improvement in the real estate market in the entire country even in the recession period. Even during the recession period the real estate market has not been affected.
The 5 metro cities in the country which is Bangalore, Chennai, Delhi, Hyderabad, Mumbai and India seem to be performing well and the primary investment takes place in these cities. Even the tier 2 cities seem to be performing a lot like Noida, Gurgaon, Kolkata, Faridabad seems to be growing at a steady pace.
The property prices as well as the increase in rental values in India gives much of its credit and appreciation to the large scale investments in the commercial sector. India has always been the hot favorite for most of the corporate and industrial sector to have their headquarters in the city. And with increasing investments by multinational companies in the information technology industry and bpo industry sector, there has been a growing demand for commercial and office space, which have consequently created a vacuum in the balance of demand and supply for residential properties.
India is also the entertainment and fashion capital of South East Asia, so it is one of the foremost cities to be hit by the retail industry. With the opening up of the retail market in India, there has been a growing demand for India properties. This has created a viable market for small space and other retail stores and showrooms. These retail stores and malls are owned by a business group or retailers or the corporate world.
A few recent interventions made by the central government are also expected to have a softening effect on the prices and slackening of interest rates by the central government. The central has granted additional floor space index that is more space for construction of India real estate in the outskirts of the city. This is expected to give a boost to old housing societies which could go in for redevelopment and encourage the India real estate.
Posted by India Classify @ 1:40 AM
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