Indian real estate and property market has received huge investment in recent years. The growing Indian economy is still attractive to both national and international investors and will continue to be so for the foreseeable future.
As the spending power of Indians increases, there is a growing demand for high-end properties. Besides the software industry, other IT enabled services and outsourcing services industry has driven up the demand for real-estate. Another key contributor that is fuelling this growth is the retail industry. Retail industry is itself projected to grow by more than 25 per cent for the coming years.
The huge and growing, Indian middle class is another driving force causing increasing demand for real-estate. Large number of shopping malls, multiplexes and other public recreational establishments are being built all over India. These construction activities are not just limited to the metros and bigger cities such as Mumbai, Chennai, Hyderabad, Bangalore, Kolkata, Chandigarh, and the National Capital Region (NCR), but also smaller and upcoming cites and towns.
Every major international firm is trying to get involved with the Indian Real estate market. Unlike many other businesses in India, real estate is a low maintenance and high return of investment business opportunity. Before investing, you should make sure that the location is to your liking. If you are buying just to sell it later then location is the most important aspect in selecting property, followed by infrastructure and connectivity. If you are planning to reside then other factors, such as basic amenities, proximity to markets, schools, hospitals etc. also needs to be considered.
For more, visit the Indian real estate and property market website.