Real Estate most favourite sector for investors in Haryana
Real estate emerged as the most favourite sector for investors in Haryana in 2010, an Assocham study said. Of the total investment of Rs 4.3 lakh crore under implementation, real estate accounted for Rs 2.4 lakh crore, it said.
It said Rs 2.4 lakh crore were invested in major cities like Gurgaon, Manesar and Faridabad. Besides Gurgaon, private builders are active in developing and selling real estate in the NCR towns of Sonepat, Faridabad and Bahadurgarh. Panchkula near Chandigarh is also witnessing real estate boom.
Bulk of investments were in Gurgaon, which is a critical hub of 500 companies with their back end operations here,” Chairman of Assocham’s northern region development council Lalit Khaitan said. He said the state government needs to come up with policies keeping in mind issues like sanitation, environment and civic maintenance, so that the investments remain attractive in the long run.
He said: “Power and land acquisition are among major impediments. Acquisition of land should be between buyer and seller. The land must be sold at market price and it should not be an agricultural land”.
ASSOCHAM, Gurgaon, Haryana, most favourite sector for investors in Haryana, Real estate Haryana, Real estate in India, Real estate trend
