Tamanna Realtors Pvt Ltd.
Why India
Real
estate is emerging as one of India’s fastest
growing sectors, with the growth spread almost equally across all
segments: Commercial offices, Retail, Residential and
Hotels.
The main reason for this is the booming economy.
GDP growth of 8.2% over the past three years, compared with 6.2%
in the preceding ten years, makes India the
world’s second fastest growing economy after
China. The growth is largely fueled by growth in the service
sector which accounts for 50% of India’s GDP.
IT and ITES sectors are growing at 30% per year currently. But
other sectors are not doing too badly. Industrial production grew
over 10% in 2006, manufacturing clocked a record growth of 11.2%
and exports have been averaging 25% annual growth over the past
three years. By 2010 India is expected to be
world’s third largest economy (measured in
purchasing power) and will have a middle class of around 300
million people, larger than that of USA. According to McKinsey &
Company, per capita income in India has doubled in the last nine
years, and the number of households earning an annual income of
over $10,000 is rising by more than 20% every year. This is
making India a dream market for products and services.
India’s unique demographics also is
contributing to the favorable conditions for growth in the retail
sector.. A half of its population of nearly 1.1 billion is under
25. The median age of India is just 24. India has a graduate
population of 50 million out of which 14 million are young
university graduates. Nearly 2.5 million new graduates are
joining this pool every year, most of whom are proficient in
English with strong technical and quantitative skills.
Current Scenario in India Real Estate
Market.
India’s real estate
market has grown rapidly following the relaxation of FDI
regulation in February 2005. The country is now attracting
substantial interest from cross-border real estate investors. The
rapid growth of India’s Business Process
Outsourcing (BPO) activities has led to the spiraling demand for
commercial real estate. But with overall boom in the economy
there is a strong growth in the retail, residential, hotel and
the logistics sectors as well.
The Indian real estate market lacks transparency and liquidity
compared to more mature retail estate markets, but the market
structure is changing rapidly in response to the changing profile
of the clients and their business practices.
The three Tier I cities, Mumbai, the commercial capital, Delhi,
the political nerve center, and Bangalore, the technology hub,
have been at the forefront of the real estate boom since the last
decade, and offer the maximum potential even today. Giving them
tough competition are the Tier II cities of Hyderabad, Chennai
and Pune with their quality human resource, communication
infrastructure, air access, lower cost of living and real estate
availability. There are a more than a dozen Tier III cities who
have the potential to become attractive propositions for real
estate operators within the next five years. Leading among them
is Kolkata which is going thorough a major image make-over,
emerging as an industry-friendly location. Then there are cities
like Chandigarh, Kochi, Thiruvananthapuram, Mysore, Mangalore,
Indore, Bhubaneswar and Visakhapatnam which have their own plus
points and challenges to overcome.With an urbanization rate of
over 2.5% India is set to have 70 cities with population of over
1 million in 2025 as compared to 35 in 2001.
Clearly, any way you look at it as far as real estate goes India
is the future.


Registered Office :
B 103 First Floor Chitrranjan Park
New Delhi 110019
Corporate Office:
413 International Trade Tower Nehru Place
Nehru Place New Delhi 110019
Sales Office:
901 Shakuntala Apartments
Nehru Place New Delhi 110019
Email : contacts@indiaproperties4u.com
Phones: 011 46539337/8/9/40 01146593580-89
Websites: www.assetventures.in www.indiaproperties4u.com
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