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TRANSCRIPT
Why is Growth Needed for Real Estate in India Currently
Real Estate in India has been witnessing bouts
of underperformance which is in line with the
global statistics for the real estate sector.
More than domestic growth, the country is
relying on FDI to provide a much needed
boost for this sector.
Increased tourism, urbanization, growing economy, convenient financing, policy support and epidemiological changes are key drivers of growth for the Indian real estate sector.
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Rising Demand for Indian Real Estate
Rising household income and increased
urbanization have been responsible for the
surge in real estate demands.
The growing economy is also contributing to
the real estate sector by driving demand for
residential as well as commercial spaces.
The trend of townships and luxury homes has
also opened up a lot of opportunities for
builders as well as buyers to benefit from.
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Increasing Investments in Indian Real Estate
The period April, 2010 to August, 2013
witnessed almost USD 22.67 in FDI.
The period April, 2012 to January, 2013
indicated that the Indian real estate was
responsible for 8.8% of the total FDIs in the
country.
Loosening up of REIT rules have also paved
the way
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Lucrative Opportunities for Indian Real Estate
Growing real estate requirements from the health,
education and hospitality sector have provided
good growth opportunities for the realty sector.
The rising tourism in the country has also
generated demand for real estate as more
establishments are being planned for
accommodating tourists.
The relaxations in real estate financing along with
apt political support would definitely bring about
major changes to this sector.
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Policy Support for Indian Real Estate
USD 2.8 Billion have been allocated
exclusively for Rural Housing. This is part of
Budget 2014.
The government has opened up a world of
opportunities for real estate by allowing 100%
FDI for township projects and settlements.
Several major reforms such as increasing the
affordability of real estate and relaxation in
REIT rules have paved the way for faster
recovery. http://skyeearth.in/
Conclusion
India’s real estate is currently has a market size
of USD 55.6 billion which could go up to USD
180 Billion by the year 2020 (estimated value
only)
The need of the hour is not only to develop
more projects but also to empower the buyers to
be able to make investments in the housing as
well as commercial property space.
The impact of the efforts would be evident
within 6 – 12 months from now.
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