Boom in India Real Estate

Boom in India Real Estate

Boom in India Real Estate is being observed in the real estate of not only domestic property but also commercial properties.  

According to industry estimates, the value of domestic Indian real estate market is about US$ 14 billion. Again, in the current financial year, 2006-07, it is estimated that the total FDIs will be worth nearly US$ 8 billion and the share of FDI influx in the India Real Estate Market 2007 will be about 26.5%. The boom in India Real Estate is observed in all sectors like the residential, commercial, retail, and recreational projects.

Factors responsible for the boom in India Real Estate:

In recent years, India real estate has been in a burgeoning stage in not only the A1-tier cities of India, but also in other Indian cities. Some of the leading factors responsible for this are:

v The increase in the population level

v The growth of the software it based companies in india

v The accumulated resource capital with the new young generation working in the it companies

v The presence of nris and their interest in investing in the indian real estate market

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