Indian Real Estate Market Continuous its Growth

The real estate sector is one of the fast emerging and growing sectors of the Indian economy and has been a major contributor in the economic growth of India. Various data and statistics published in various reports and surveys indicate that the real estate sector accounts for 8.53% of the total GDP. 

Interestingly, the sector has emerged as the 5th largest FDI in India. With ever-increasing the state of art infrastructure developments, buildings, townships, and shopping malls in the urban area as well as Tier II & Tier III towns, India is surging toward the tag of a developed country having all modern living amenities. 

In the last decade, Indian real estate market is flying high on urbanization, growing demand of residential and commercial structures in urban area, rising population, and various development polices. All this shows that the real estate market is continuing its growth with success in Delhi NCR area where property investors are showing their keen interest in residential plots in Delhi NCR.

According to the National Housing Bank (NHB) Residex Index, Indian real estate market is likely to be fair in 2015. Indian real estate plays an important role in availing affordable housing to infrastructure and generating employment. It is the 3rd most impactful industry that affects other industries, and 4th in terms of employment generation.

Real estate trends in 2015

 •The Planning Commission predicts that about 600 million people will live in cities by 2030. It is possible that affordable housing will be the next huge demand by the low income groups.

 •Prediction of an increase in GDP by the IMF and the World Bank.

 •Real estate market is driven largely by sentiment and residential and commercial projects will contribute to this growth significantly.

 •Real estate construction market will grow by 20% between 2015 and 2017.

 •Real Estate Investment Trusts (REITs) and commercial real estate will make significant impact.

When it comes to seeing the real growth of the Indian real estate industry, Delhi NCR can be the best example of this growth where its suburban sprawls of Gurgaon, Noida, and Ghaziabad are witnessed by numerous construction projects. Especially, Ghaziabad is on high rise as property investors are putting their money in 1 Bhk and 2 Bhk flats in Ghaziabad and flats in NH 58. When it comes to having the home value, there is no dearth of residential plots in Delhi NCR and all of them are equipped with all modern living amenities. 

About The Author : Anamika Sinha is an online writer specializing in real estates, automotive, travel, health and more. Above article explained about sales and benifits of Flats in NH58.