Before talking about the future of real estate in India, it is important to understand previous contributions of real estate in the economy of the country. It is estimated that India’s GDP is growing at a rapid pace and by 2025 the business would be projecting a much better outlook. Along with the housing and commercials sectors, hospitality and retail industries have also taken a sharp turn with respect to the current trends. Also, since the past five years, commercial sector has witnessed a high demand value that has garnered huge sums of profit altogether.
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Unknown to many, much of the real estate in Gurgaon where one may find standing some of the plushest property was allotted to buyers over twenty years ago.
The land was allotted and sold by local authorities for a fraction of the price it is worth today.
Many houses on such plots today are dilapidated and gloomy in appearance as well as in stature,
that’s likely because the person who was allotted the land did not have the resources necessary to build upon it a house worthy of what Gurgaon is today.
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