Looking for commercial real estate projects in Mumbai? Then Raheja Universal has wide range of luxury real estate projects in Mumbai. We have commercial real estate projects at very prime location.
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Indian Real Estate and Property Market
1. Indian Real Estate and Property Market
IT and retail sectors are well-known in the corporate world. These business domains
showcase India as potentially rich and dominant country worldwide. There is another
sector which draws an equal attention as the other two major sectors in India. The
emerging sector is none other than the Real Estate domain of the country.
In big cities of India, people designate real estate business are the most prominent
option due to its incredible profit churning points. Cities like Delhi, Mumbai, Kolkata,
Noida and many other cities will have many advantages; banks for real estate properties
and with the entry of lavish corporate culture and massive industrialization drive taking
place the infrastructure development is definitely going to be immense.
People who have lands/plot in the above mentioned cities will have lot of profits in form
of rentals monthly and annually. Some even give their plots for residential buildings,
shopping malls or to big corporate groups and earn more than expected. Some people
who have built in their plots give it for house for rents and earn monthly incomes. The
cost of homes, duplex or plots is very high in these cities. It is like a dream for a common
man to own a house in the metro cities. The demand for residential complex in real
estate in India is very high in these cities thus leading to boost up the home loans and
insurance policies.
Real estate in India covers residential housing, commercial offices, trading spaces such
as theatres, hotels and restaurants, retail outlets, special economic zones (SEZs) and
industrial parks such as factories and government buildings. Real estate in India involves
purchase, sale and development of land, residential and non-residential buildings. The
real estate sector in India is considered for the major growth of economy. It is one of the
fastest growing industries and is linked up to the various other sectors and more than
250 associated industries. Indian real estate market was proposed to increase from 16
US billion Dollars to 90 US billion Dollars in span of 10 years from 2006 to 2015 and
expected to reach 180 billion dollars by 2020.
The business firms which have grown from the real estate sectors in India are facing
problems due to global crisis. Almost all the business groups from Indian sectors have
2. gone through losses from the beginning of the time due to failure of stock market and
that is the main reason why Ultra Tech and DLF have gown down. The increase in real
estate was not as expected and sale graph of new homes has dropped down too much
bringing in different kinds of discounts, free gifts, compensations and many more.
Mumbai alone has observed a drop down of 38% in rental values. Delhi also has
declination of 25% while Hyderabad has a drop down in between 25% to 28%.
The slowdown in real estate business in India had great impact on the home loan
portfolio of nationwide banks. Nationalized banks like Punjab national bank and State
bank of India have already slashed their home loan interest rates. The home insurance
production is now raising slowly in the sale patterns of home insurance products.