The sector that has earned the optimal global recognition is the real estate sector. The real estate sector is comprised of four sub-sectors including housing, retail, hospitality, and commercial. The rapid growth of this sector can be ascribed to the equally rapid expansion of the corporate ecosystem coupled with the need for office space on-demand along with urban and semi-urban accommodations.
The construction industry ranked third among the 14 major growth areas of this sector is adequately complemented by the burgeoning corporate environment causing the demand for office space in regards to direct, indirect and induced effects across sectors of the Indian economy.
Speculations and predictions are rife that this sector could potentially attract NRI investments in both the short term and the long term alike.
Retail, hospitality and commercial real estate are growing rapidly, providing the badly-needed infrastructure catering to the growing needs of India. Demands for office space have peaked in recent times in sectors like IT and ITeS, retail, consulting and e-
Investments/Developments in the Indian Real Estate sector
The Indian real estate sector has been booming these days owing to demand both for
Office and residential spaces skyrocketing. Both Private Equity and Venture Capital investments in the sector have peaked.
The Department of Industrial Policy and Promotion has released data on the construction development industry in India which reveals that it has received equity inflows as Foreign Direct Investment (FDI). Institutional investments in the real estate sector are slated to peak in a decade.
The Indian Government along with the state governments have initiated sectorial development of India along with the governments of the respective states has taken several initiatives to encourage the development in the sector.
With The Securities and Exchange Board of India (SEBI) approving for the Real Estate Investment Trust (REIT) platform investors indiscriminately would be permitted to invest in the Indian real estate industry creating hugely worthwhile opportunities in the Indian market in due course.
In response to a consumer base that has done their homework and is progressively well-informed owing to globalization, the Indian real estate developers have been able to equip themselves in accepting newer challenges.
The most notable change has been shifting from family-owned and operated businesses to businesses that are professionally managed. Real estate developers, to fulfill the increasing requirement for managing several projects in all cities, are investing in centralized processing systems for sourcing material and organized personnel and recruiting qualified project management professionals in other areas including architecture and engineering for example.
Call 7604047601 for consultation with registered expert real estate lawyers on Vidhikarya.
Please enter the text