The real estate market in India has become the most desirable investment era. It has huge investment potential in residential real estate, commercial property, retail real estate, and health care etc. Reason is, fast appreciation of the property value, FDI, economic growth of India, easy policies by government and growth in other sectors like IT, education, medical and urbanization is playing in an important part in growth of real estate sector, and increasing demand of commercial and residential property. Real estate is participating an important role in the growth of Indian economy.
When the economy of all leading developed countries is falling down, the realty sector in India is reaching at the new heights. There was a fall in 2005 but after that it has gained good acceleration again. Again in 2007-2008, real estate market in India was falling but after that things got much better as the property rates increased, and now the real estate market is at high level.
After passing the Foreign Direct Investment (FDI) bill in parliament, foreign investors are looking towards the Indian retail market for investment. It is not only for investment in retail sector but in other industries and economic sectors as well. Ultimately, the growth in other sectors leads to appreciation in real estate sector and also, leads to increase in the demand of property in India. With foreign investors, the domestic investors also find the real estate investment as the most profitable option with the least probability of loss.
As the population of India is growing year over year the demand for residential property in India is increasing gradually. The development in other industries like Automobile and IT are contributing in the growth of demand of luxuries real estate in India. Easy home loan policies are also encouraging the demand of property and lead to growth in real estate market. Industrialization is playing an important role in the growth of real estate demand.
Nowadays, real estate sector is adopting advanced technology in construction, designing, security, home creation, offices and commercial spaces to attract the investors. For example, a few days ago, in Jaipur a building is constructed only in two days. By this example, you can have an idea about the future of real estate in Jaipur, as well as in other cities of India.
Depreciation in the value of India rupee is also one of the reasons, which attracts the foreign investors and NRIs for investment in Indian real estate. NRIs those are looking for retirement homes in India have a nice choice to make their decision in terms of investment, cost, necessary amenities and homely surroundings.