Why Real Estate in India?
Real Estate in India will continue to rock.
Profound Economic suggest that the realty sector would grow at 30% per annum to reach to $ 45 to 50 billion by 2010 from the existing $ 12 billion.

To acheive such growth, real estate in india would require huge investments over the next five years. By 2015, it is projected that the market size would grow to $ 90 Billion.

Estimates suggest that the urban housing sector would require investments to the tune of $25 billion (Rs. 1.10 lakh crore) over the next five years. Prices have remained buoyant as new construction lags.

According to surveys, there was a shortage of 19.4 million units (12.7 million units in rural areas and 6.7 million units in urban areas) in the country about three years ago, which will require real estate in india

Real estate in india will trigger economic growth, infrastructure development and enabling government policies would help trigger growth.

Real Estate in india will help high economic growth has fuelled the demand for real estate. Cities continue to attract interest from IT abd ITES companies that are either estabhishing a base or are looking to expand. Which will give rise to real estate developer in india.

It is the suburban locations that are witnessing development activity due to easier availability of land, construction of larger floor plates, and offers of built to - suit facilities thus helping housing construction company in india.

According to one estimate, the IT and the ITES sector are creating over 200,000 jobs per annum which itself will create a demand for commercial space of 15 million square feet. Besides, it will also generate a huge demand for residential flats. So more need for luxury lifetsyle residential apartment in india.

Changing demographics, low interest rate regime, rising disposable incomes, and fiscal incentives have provided huge demand for housing. Further, nuclearisation of indian families has accelerated the demand for mortagages and for fresh housing thus giving rise to more real estate developer in india.

Real estate in india assumes that 25 percent of the work force joining the IT / ITES sectors required independent housing, there would be a demand for 50 million square feet (With an average requirement of 1000 square feet flat) of residential accommodation every year to meet the needs of the workforce joining the IT-ITES sectors alone. So more homes for sale in india.

The demand had been aided by the ease in documentation and formalities of property registration in India. This boosts property developer in india.

The India realty sector would see enhanced interest from NRIs aided by the relaxation in FDI norms in real estate. The government has also helped by permitting banks to advance home loans to NRIs.

Professional developers :
There is a perceptible shift in the profile of real estate developers in the last one decade. With the corporatisation of the industry, transparency has increased in the sector This has enhanced the comfort level of the investors putting in money in the real estate sector. Real estate in india has also led to increased supply of funds to the sector. The report said that with the entry of foreign investors transparency levels would improve.

Government intervention :
The report acknowledged that the government had also played a pivotal role in the development of this sector. It had aided the sector by giving income tax benefits to the consumer, and benefits to developers. It initiated the rationalisation of stamp duty and repealed the Urban Land Ceiling Act in nine states. A number of state governments are moving towards computerisation of land records.

Bright future:
Real estate in india has a bright future.The report also pointed out certain issues which need to be addressed by the government to ensure rapid growth. Some of the issues are: absence of large listed companies in the sector, which has affected fund flow; foreigners still cannot buy and sell undeveloped land; and reassessment of the legal aspects relating to stamp duty and rent control.