Boom in India Real Estate

Boom in India Real Estate is being observed in the real estate of not only domestic property but also commercial properties.

According to industry estimates, the value of domestic Indian real estate market is about US$ 14 billion. Again, in the current financial year, 2006-07, it is estimated that the total FDIs will be worth nearly US$ 8 billion and the share of FDI influx in the India Real Estate Market 2007 will be about 26.5%. The boom in India Real Estate is observed in all sectors like the residential, commercial, retail, and recreational projects.

Factors responsible for the boom in India Real Estate:

In recent years, India real estate has been in a burgeoning stage in not only the A1-tier cities of India, but also in other Indian cities. Some of the leading factors responsible for this are:

• the increase in the population level
• the growth of the software IT based companies in India
• the accumulated resource capital with the new young generation working in the IT companies
• the presence of NRIs and their interest in investing in the Indian real estate market
• the liberalization policies taken up by the Indian government to encourage the 100% FDI participation
• the introduction of the Real Estate Investment Trust and the Real Estate Mutual Funds
• the development of the Special Economic Zones all over India into real estates
• the increase in the concept of nuclear families
• the rise in the tourism industry of India

There are many domestic as well as international players in the Indian realty business who are responsible for the boom in India Real Estate. Some of the prospective domestic real estate builders are like the Omaxe Constructions, Ansal Properties and Infrastructure, DLF, RMZ Corporation, Rungta Group, Hiranandani Group, Merlin Group, Kalpataru Group, Appaswamy Group of Companies, and K Raheja Group. There are also some foreign real estate developers who had been operating in the Indian real estate business like Lee Kim Tah Holdings, CESMA International Pvt Ltd., Evan Lim, Keppel Land, Salim Group, Emaar Group, Edaw Ltd., IJM, and Ho Hup Construction Co.

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India Real Estate Investment