Real Estate is a generic term to indicate real property including buildings and housings. It is one of the fastest growing sectors in India. Over the past decade, India has emerged as a leader in the global economy. With this trend real estate industry has seen unprecedented growth in last few years. This was fueled by two main forces. First, the expanding industrial sector has created a surge in demand for office-buildings and dwellings. Second, the liberalization policies of government have decreased the need for permissions and licenses before taking up mega construction projects. Opening the doors to foreign investments is a further step in this direction.
Many foreign companies are starting or expanding their real estate operations in India. One-fifth of all Fortune 500 companies including Eli Lilly, General Electric, and Hewlett Packard have set up research and development facilities in India. The credit grows to Foreign Direct investment. The surge in foreign investment, more joint ventures between Indian and foreign companies, and the growth of India’s domestic industries have created more employment opportunities for India’s young, highly educated, professional workforce and fueled the growth of the country’s real estate business scenario.
Being a fastest growing sector in the industry the Real Estate industry has significant linkages with several other sectors of the economy and over 250 associated industries.
Few years back real estate industry was known as an unorganized sector in India. But with the growth of real estate leading players in India we have seen few real estate business analysis agencies. They are playing a major to contribute for the betterment of the Indian real estate industry. They provide international trends and sources from a financial point of view and cover house price trends, mortgage trends and house sales.
In the Indian real estate industry we have seen a recent trend that people are interested in finding out local real estate leaders. Some newsgroups track tends in real estate on a local angle regularly, including some of the best for real estate trends. And real estate player also started obtaining realty trends from the localized and neighborhood specific sources. Trends in real estate for investors often become as locally specific as much as possible. They attain the industry trends from some online organizations or from local real estate agents.
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