Real estate in southern India is growing rapidly
The real estate market in southern India has been growing rapidly. A global real estate research firm has reported that the growth of the real estate in India has witnessed the sharp rising due to multiple factors.
The south Indian real estate market has done well in meeting the demand for office spaces and affordable houses. “Southern India has for long been the silent crusader, building and strengthening its real estate development is one of the most sought after destinations in the country.
The improved transparency and visibility of the real estate markets in Bangalore, Chennai and Hyderabad have attained a place on the global real estate map.
Real estate in Bangalore followed by Hyderabad, winning the reputation of best market for realty industry, not just for the IT hubs, but also for housing various other industries like automobile and healthcare, demand for office space has shot up dramatically after 2007.
Meeting this demand, Bangalore and Hyderabad have prioritized quality of space over quantity. However, the vacancy rate by the end of 2012 is expected to be 16 per cent, which is considerably lower than the pan-India vacancy rate of over 20 per cent.
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Source: IBN Live
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[...] of the most sought real estate destinations in the country is the Southern part of India. The southern part of India has been the hushed [...]
[...] of the most sought real estate destinations in the country is the Southern part of India. The southern part of India has been the hushed [...]