India Real Estate Developers forms an integral part of the
Indian realty market. They together with the architects, engineers and managers have been successful in bringing about a revolutionary change in the
real estate market in India. Under the sincere efforts of the
India Real Estate Developers Indian cities have witnessed a rapid growth in the construction of residential and commercial projects.
The government of India has been playing proactive role in the
real estate market by the commencement of the liberal policies, under which along with domestic developers, many foreign builders are coming to participate in the
Indian real estate market. The foreign direct investment can be extended to as much as 100% in the construction and development sector.
Factors favoring the growth of the India Real Estate Developers:
1.The increasing growth in residential properties due to lower interest rates, easy availability of housing finance, rising income, better job prospects and increase of nuclear families.
2.The emerging hospitality or hotel industry due to the exceptional boom in inbound tourism and the IT sector.
3.The development of the special economic zones as real estate property.
4.Moreover, the growth of retail market in India due to increasing demand from retailers, higher disposable incomes and opening up of FDI in Retail and the burgeoning IT and ITES industry are also responsible for the boom in the India Real Estate Developers sector in realty market.
Leading real estate developers:
There are many builders in the Indian real estate market of which the major developers are like-
1.Ansal API
2.Ashiana Group
3.DLF Group
4.Eldeco Infrastructure
5.Hiranandani Developers
6.K. Raheja Corp.
7.Omaxe Limited
8.Parsvnath Developers Limited
9.Sahara Infrastructure
10.Supertech Group
11.Unitech Group
12.Emaar MGF
Confederation of Real Estate Developer's Associations of India:
An important feature of the India Real Estate Developers is the formation of the Confederation of Real Estate Developer's Associations of India. It is the central body of the organized real estate developers all around the country. Realty developers from 17 states of India are members of CREDAI.
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