The Only way Indian Real Estate going is UP
Now it’s around half a year the new Government i.e. BJP led taken the charge at the Centre. Along with latest and modern business policy declarations and good budget, the government has tried to infuse positive instincts in the country people.
The unaltered Delhi Government had ignited positive vibes in the field of business which has also entertained foreign business communities. The government has taken great care of the real estate sector as well. in the Independence Speech of Prime Minister, Narendra Modi declared that he will try his level best to involve FDI in the real estate sector. Modi undoubtedly has guessed that certain sectors like cement, steel and iron are being largely fed by the real estate sector. Although the real estate sector has the largest number of employees in India, it did not get the title of an Industrial sector. Instead it is known for the basic need of mankind, Home.
The role of FDI is necessary in the real estate sector as this might speed up the dormant projects or bring back life in the pending construction projects. This will surely bring about a change in the eco-system as there will be rapid and huge infrastructure development, in a short span of time. The market is quite concerned about the need of the customers while most of the builders of the real estate sector are suffering severe cash deficiency issues. Now-a-days, mainly the residents buy a property even before the investors.
With robust economic support, Indians are getting rich with time. As a result, the doors of the real estate sector have been opened by a new kind of customers. A few years back, the countrymen were in demand of affordable and low cost houses. But when we consider today, all the buyers demand is comfort, luxuries and high end apartments. Mumbai is a growing hub for upcoming Real Estate Market in India as this place has high demands for shelter and new homes.
Mumbai is undoubtedly the dream city of major property buyers but the present property rates have warned many buyers and compelled them to revise their thoughts of buying property in the region. Gurgaon is experiencing a steady growth in real estate project, soon to form a twin city along with Mumbai.
Source: MONEY CONTROL
