[TimmiBean]

The Real Estate Industry in India is flourishing with many global players entering the market. The investors of the world are attracted by the profits involved. The industry is basking in the glory of several advantages it is having. The government seems in favor of the industry. With the government’s positive outlook and liberal FDI policies, possessing a property in India has become a dream of every potential investor.
Growing at a fast rate of 30% per year, the real estate sector of India has emerged as the most appealing investment area for domestic as well as foreign investors. This is mainly driven by the booming economy, favorable demographics and liberalized foreign direct investment (FDI) regime. The Indian economy is moving very fast, at the rate of 8% per year. This rapid growth of the Indian economy has had a cascading effect on demand for commercial property to help meet the needs of business, such as modern offices, warehouses, hotels and retail shopping centers. The growth in commercial office space requirement is led by the burgeoning outsourcing and information technology (IT) industry and organized retail.
The nation is experiencing vast technological boom. As the nation progresses technology wise, investors of the world are queuing up for a property in India. According to a study, there will be demand for over 24.3 million new dwellings for self-living in urban India alone by 2015. This is indicative of the fact that the real estate sector is growing. The real estate of the country is attracting more investors, a major part of which is from abroad. This rise in demand has led to the land prices to rise. In the past year and a half, land prices have escalated by 30% to 100%. Such a steady rise in value has attracted leading foreign investors like Morgan Stanley and Merrill Lynch, who are investing heavily with local builders. India is now believed to be one of the last major countries in Asia with an improving real estate market. The real estate market in India is on a high growth curve and investors across the world are trying to take full advantage of this.