India's largest dealer's Network
Pls call..........
+91-124-4570000
+91-999-999-4449

Is Indian Real Estate in Boom or Decline?

1:59 PM Posted In , , , , Edit This 0 Comments »
Is Indian Real Estate in Boom or Decline? This is the primary concern confronting everyone related with the real estate market right from the common laborer to the policymakers at the helm of the Government machinery – be it property dealers, real estate consultants, infrastructure development companies, construction companies, materials manufactures and dealers, property buyers and sellers, and you name who not. There is a background for this apprehension. The real estate scenario has been vibrant in India for several decennia now, barring a recent interregnum. But during the recent global economic meltdown there was slump in the Indian real estate scene. Reportedly, the industry is back in the saddle again and the market is gaining momentum.

In the post-recession phase, this is the primary concern confronting everyone related with the real estate market in India. Hopefully, there are positive indications that the market is poised for a boom. It is estimated that the country is expected to grow by 5.6 per cent during 2010-11, and this has its positive impact in the property market. Low interest rate, higher salary, NRI investment, affordable housing units, etc. have lent a new boom to the market.

0 comments: