Real Estate Brokerage Business in India
The Best Investment on Earth Is Earth, this quote by Louis Gickman suits best, because Real Estate sector is one of the most profits generating sector. Real Estate sector is raising high in India as India is growing like anything and demand for real estate is at peak now. Real estate market in India is expected to touch US$ 180 billion by 2020. 5-6 per cent to the country’s Gross Domestic Product (GDP) is contributed by Housing Sector. After agriculture, real estate is the second largest employment giving sector in India and is slated to grow at 30 per cent over the next decade. Real Estate brokerage industry is major area of Real Estate Industry.
In 2016, office space across the top eight cities increased to 34 million square feet (msf). The best city in India for commercial real estate investment is Mumbai, with 12-19 per cent ROI likely in the next five years, followed by Bengaluru and Delhi-National Capital Region (NCR). One important sector associated with the real estate sector is Real Estate brokerage sector. Real Estate brokerage sector is one of the essential sub sectors of real estate which plays a major role in selling properties between a seller and buyer by acting as an intermediate between the two parties.
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