Future of Real Estate Industry in India

Speaking about real estate as an independent business, it is one of the most profitable industry/business in India followed by agriculture. As per the latest study, India is one of the leading countries in developing some of the best real estate projects in Asia. The real estate business is majorly categorised in three sections- residential, commercial and land inclusive of all the sectors growing in India due to the growing middle class and foreign investment into India. It is also said that the Indian real estate market is expected to growth by US$ 200bn by 2020, making it very attractive to start real estate business in India.

One of the major aspects of starting a real estate business is to research or find a perfect location for your business. Location plays one of the key roles in the real estate industry and therefore, take enough time to research well. Some of the best places in India to consider setting up your real estate business includes, Mumbai and Delhi, but there are also some of the regions which have shown great real estate boom, includes Bangalore, Pune and Chennai. From residential to commercial, along with health care industry and hospitality are some of the most popular real estate sectors to invest in Indian real estate market.

Some of the successful and young real estate entrepreneurs in India consists of;

1. Sameer Gehlaut: He is one of the young entrepreneurs in India. After completing his graduation in Mechanical Engineering from IIT Delhi in 1994, he worked with US oil services based company in Halliburton. Post quitting his job at Halliburton, he returned to India in 1997 and started his own online brokerage service along with his two friends. His company Indiabulls Group was supported by Lakshmi Mittal from the start. From the time of its inception, he has been the chairman of major Indiabulls Group companies which includes, Indiabulls Real Estate, Indiabulls Housing Finance and Indiabulls Power.

2. Vikas Oberoi: He serves as the Chairman, MD and Chief Executive Officer of Oberoi Realty Group and consists of more than 20 years of experience in the real estate industry. Speaking about his educational background, Vikas Oberoi has completed his President’s/Owner’s Management Program from the Harvard Business School. Oberoi Realty, till now has built 34 projects which covers five million sq.ft of suburban Mumbai. The company Oberoi Construction was started by his father in the year 1985 and post taking over the company in the year 1997 with 75% stake, the company has built on inheritance with several exclusive commercial and residential projects.

3. Varun Mania: He is one of the most successful and youngest real estate entrepreneur of the country.  A business graduate from New York University, Varun Manian is the Managing Director of Radiance Group of Companies. Post the completion of his education he joined his family business and later in 2012, he moved on to start his own real estate business with the inception of Radiance Realty. Radiance Realty is a Chennai based real estate company which focuses on developing high-end luxurious residential properties. Today, Varun Manian manages and leads several business ventures under the umbrella of Radiance Group like, Radiance Realty, Radiance Media Group, Radiance Home Solutions, Radiance Total Care Home Services, Radiance Facility Force and Radiance Sports.