Indian Real Estate- Untouched By Economic Slowdown Article

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Indian Real estate- Untouched by economic slowdown

India's Real Estate sector has emerged as one of the fastest growing industries that has created a number of opportunities for investors from all over the globe.

Author: Realestateindia

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The real estate industry of India is witnessing its best phase. It has emerged as one of the strongest sectors of the country having weathered the global economic slowdown and contributing significantly towards the Gross Domestic Product (GDP), second only to agriculture.

A few years ago, India was tagged as an agro-based country and the scope for investment in real estate industry was as good as nil. A rapid economic growth rate and liberal government policies have been the major reasons for the real estate sector to grow by leaps and bounds. In addition, the growth in real estate has also complimented ancillary industries such as cement, steel, etc.

According to industry experts, 80% of the real estate sector constitutes of residential space and the rest comprises of commercial properties. Seeing the rising demand, the government plans to construct 80 to 90 million housing dwelling units for the lower and middle level income groups. Due to the constant appreciation in property rates and banking finance, not only local buyers but even non-residents Indians have been showing keen interest to invest in this sector.

There has been a remarkable growth on the construction front as well due to the growth in real estate sector of India. The average profit from construction in the country is 18% that has even surpassed the US. Relaxed Foreign direct Investments into Indian real estate sector have been US$ 1.99 billion approximately, from April 2008 to December 2008.

The government has announced various packages for investors keeping in mind the impact of economic slowdown to keep the growth in the sector steady. Banks, both in the public as well as the private sector are offering home loans in various categories for all types of borrowers.

Real estate experts predict future growth prospects in this sector in the years to come. With attractive packages to lure, realtors are foraying in the sector to make investments to enjoy future benefits. Places such as Delhi, Gurgaon, Bangalore, Hyderabad, Mumbai, Chennai and many other states and cities have emerged as hubs for real estate development.

Making most out of the golden period in India’s real estate sector is what investors are looking for to reap the highest rewards.

Easyghar.com is a premier real estate portal catering to the specific property needs in India for the past several years. It offers a wide range of options to make it simpler for the end-customer to make a wise decision regarding property needs.

About Author

Real Estate India is a professional writer specializing in real estate of India and has been lending expertise in the domain for the past several years. To know more about Easyghar and its services, visit http://www.easyghar.com/

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Indian Real estate- Untouched by economic slowdown