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Real Estate Market in India

Real estate market in India did not remain unscarred by the mortgage crisis that originated in United States. There was a slump in the housing market due to the economic meltdown. But real estate scenario is gradually looking up.
 
In fact experts are of the opinion that the housing market is likely to grow by leaps and bounds in the next couple of years. And this is evident from the fact that due to increasing wages and consequently higher standard of living; it appears that people are not worrying about making payments for the home loan they are taking out.
 
 
Demand for premium property in the housing market
 
Studies also reveal that there are many people who are opting for premium property in the housing segment. And these people are none other than the prospective home buyers who look forward to live in plush and spacious apartments nestled in high rises and towers kissing the sky.
 
Just as several housing projects are coming up. And eminent real estate developers are gearing up to take their housing projects (both current and upcoming) to completion, commercial and retail real estate market in India is not far behind.
 
Commercial real estate market in India
 
Shopping malls, parks, plaza, colleges, schools, auditorium, and highways etc are coming up in every city. In fact most of the cities have become “concrete jungles”. With every passing day, we are moving a step ahead in bettering our lives.
 
Just as multinationals are making their way into the different cities of India to set up offices, the demand for office space is on the rise. This has given rise to the demand for commercial real estate as office accommodation is needed.
 
This holds true particularly for the IT and ITES sectors in the different cities. There are many outstation candidates who leave their homes to earn their livelihood. This has given rise to rental property too. Most of these candidates stay on rent. There are just few who buy accommodation under such circumstances.
 
Real estate market in India –heaven for real estate developers
 
Since investing in real estate usually gives rich returns, many business houses venture out into the real estate market in India to carve out a niche for themselves. And surprisingly, many have succeeded in doing so.
 
Some of the eminent real estate developers in the country include the following. These real estate developers and builders operate in different cities in India.
 
  • DLF
  • Ambuja Realty
  • Merlin groups
  • Unitech Limited
  • Prestige Group
  • Jaypee Group
  • Sahara Infrastructure
  • Raheja Developers
  • Runwal Builders etc
 
Since the real estate market in India appears to be improving thereby opening avenues not just for real estate developers and real estate brokers, but also for the common man, we cannot deny the fact that it is making our lives more comfortable and happening.