Four Indian Real Estate Facts You Don’t Know Much About!
The real estate in India is among the most
recognized and fastest growing sectors globally. They have four sub sectors –
Commercial, Hospitality, Housing and Retail. These sectors are
sustained due to the increasing development in the corporate workspace as well
as in urban and semi urban areas. From the largest office space to becoming the
world's market leader, read four fascinating Indian real estate facts.
1. Connaught place
in Delhi is known to have the 7th costliest office space in the
world.
The NCR is considered to have the biggest real estate market as compared to the other metro cities in India. It is one of the most preferred locations by enterprises around the world, due to its availability of large infrastructures for office spaces. Their central location and easy connectivity makes it the first choice for multinationals. According to a survey, Asia stands over among the seven of the most expensive offices.
The NCR is considered to have the biggest real estate market as compared to the other metro cities in India. It is one of the most preferred locations by enterprises around the world, due to its availability of large infrastructures for office spaces. Their central location and easy connectivity makes it the first choice for multinationals. According to a survey, Asia stands over among the seven of the most expensive offices.
2. The Indian RealEstate sector is the second highest employment generator.
After agriculture, the real estate sector has proved to be a huge asset contributing to the economic development of the country. Industry professionals expect an enormous growth in the real estate sector that would result in increased employment opportunities.
After agriculture, the real estate sector has proved to be a huge asset contributing to the economic development of the country. Industry professionals expect an enormous growth in the real estate sector that would result in increased employment opportunities.
3. Indian real
estate market has been expected to become a $180 billion sector by 2020.
Government reformations such as RERA, REITs, GST, 100 Smart City Program and Make India Initiative are big reserves that will help in achieving the projected target in the years to come. “Home loan disbursements from NHB have been encouraging. The real estate sector is set to become a $180-billion industry by 2020,” says Managing Director and CEO – National Housing Board, Sriram Kalyanaraman.
Government reformations such as RERA, REITs, GST, 100 Smart City Program and Make India Initiative are big reserves that will help in achieving the projected target in the years to come. “Home loan disbursements from NHB have been encouraging. The real estate sector is set to become a $180-billion industry by 2020,” says Managing Director and CEO – National Housing Board, Sriram Kalyanaraman.
4. By 2030, the Indian
Real Estate market will become a world leader.
The Real Estate sector in India, accounts for 15% of India’s Gross Domestic Product (GDP). In 2030, it has been predicted that 583 million people will live in India’s urban areas, which will make India the world’s second largest urban community.
The Real Estate sector in India, accounts for 15% of India’s Gross Domestic Product (GDP). In 2030, it has been predicted that 583 million people will live in India’s urban areas, which will make India the world’s second largest urban community.
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