History Of Real Estate In India-splitit

Real-Estate Real estate is a booming business, and can be defined as an immovable property that consists of land, buildings or housings, along with the natural resources of the area, like crops, water, and minerals. India even though being a comparatively new player in the game of real estate is on its way to a massive burst. Economists have suggested that in by November 2014, the Indian real estate scene will burst for many factors that already have held the nation in a state of turmoil, and so end-users of residential real-estate in Indian metros (Delhi-NCR, Mumbai, Chennai, Bangalore, Hyderabad etc.,) should postpone further purchase of property till the above burst cycle is over. It is a good time to revisit that history of real estate in India, and find out how this business became a much sought after one. The Boom The real estate scene in India witnessed a massive boom during 2002 to 2007, all of a sudden property prices were soaring high, and the Indian landscape was pretty much changing its looks. Needless to say, those real estate developers in India grew by the day. According to a study in Lancaster University by Sharad Jhingan, International investors did not waste any more time, and so, attracted by the liberalization of foreign investment regulations they make their move in a fast. The study further says that all these were accompanied by factors such as, the global economic boom, easy availability of money, jumps in asset valuation and the mad rush to go to the IPOs, made this possible. Therefore, the empty piece of land in your neighboring area was now turned into a swanky shopping mall, and you could not have been happier! So, all in all the real estate industry in India is worth $12 billion and is growing at the rate of 30% per annul. You must however not forget the threat that we mentioned in the first paragraph, regarding the bubble burst. Keeping the negativity aside, the current scene looks very promising, as according to a report, one Rupee invested in real estate sector results in 78 paise being added to the GDP of the country. And while eighty percent of the share is taken by residential sectors, the rest has been securely taken over by offices, shopping malls, hotels, and hospitals. Now what made the real estate grow in India? The Background Story With the growth of liberalization in business, it was found that there is a demand for newer things in life. The infamous population growth in India was also a factor that led to the need for buying real estate property that would eventually turn in a residential complex. Then with globalization people got to see the world sitting in their drawing rooms, then came the demand for luxury brands, luxury lifestyle, and thus the malls, and hotels. Real estate is good as long as there is a growing demand for such things, and all the barren lands that were once unused are fast turning into places for you to hang out. Real estate is certainly a big thing in the nation but do not forget the warning of the 2014 burst, be careful and scrutinize everything with an open mind and clear understanding. About the Author: 相关的主题文章: