Property Market in India
Indian Real estate sector is one of the most thriving industries of the present times. And if industry experts are to be believed, the prospects of Indian property market is going to attract all major investors to this vast land of opportunities in coming years thereby giving a boost to already raising foreign direct investment.
The Government of India has taken positive initiatives by offering the best in terms of real estate investment, by altering its FDI policies from time to time. With better infrastructure and availability of world class facilities, property in Indian prominent cities are the most sought after proposition. No wonder, this part of the globe i.e. India will emerge as the ultimate place for investment in contemporary retail, residential or commercial space in coming years.
For real estate investment perspective, it has been observed that Mumbai, Delhi, Chennai, Bangalore, Kolkata, Hyderabad, Ahmedabad, Pune, Gurgaon, Chandigarh, and Jaipur are the most coveted and hot spots for investments in commercial property in India. A number of reputed builders such as DLF, Hiranandani, Raheja, Vatika group have already invested huge amount of money in real estate development. There is also the latest news on Tata Group with is newly formed company Tata Realty & Infrastructure will invest Rs. 4500 crore in infrastructure and real estate projects.
And due to the positive image of India, there has been a sudden spurt in foreign construction and housing groups taking up projects in India. Industry sources have indicated that the real-estate sector is set to see a capital infusion of more than US$7 billion next year of which as much as $5 billion has been committed by foreign investors.
The best part about India is that it truly offers the best of both worlds. Its past heritage has the capacity to shape the future in a better way. India offers a vibrant market of youth and vigor as 54% of the country's population is below 25 years of age. It has great significance as these young people will work harder, earn more and demand more from the market and thereby sustaining growth in the long-term.
The investments in the IT, ITES and BPO sectors has not only triggered the need for office spaces, but has also created a huge demand for residential properties as people move into new cities in search of job opportunities. Moreover, the rise in disposable income among the people has led to more retail space and mall spaces.
Demand for properties in India is skyrocketing and certainly this is the best time to invest in Indian property market.