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Growing Indian Real Estate Market

Here is a brief document about how Indian Real Estate Marketing is growing day by day.

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Growing Indian Real Estate Market

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  1. Growing Indian Real Estate Market

  2. India's real estate market is on a high growth curve and is today one of the fastest growing market in the world. It is categorized into four sub-categories such as housing, retail, hospitality, and commercial. While housing projects contributes six-seven percent of India's gross domestic product, the remaining three sub-categories are also increasing at a fast pace. The Indian real estate is an infrastructure services that is driving the economic growth of the country. The role of Government of India has been instrumental in the real estate development. There are many developer and buyer friendly policies which are introduced by government. The market of India real estate stood at US $ 56.2 billion in the survey of 2010-2012 and expected to touch US $ 179.9 billion by 2021. The market is expected to grow at the compound annual growth rate of 20 percent in the period of 2011-2014. With first series the modern cities expected to account for about 45 per cent of this growth.

  3. The top eight metropolitan cities such as Delhi-NCR, Mumbai, Bangalore, Chennai, Hyderabad, Pune, Kolkata and Ahmadabad have maximum office space absorption were up to 59 per cent during January-March 2014 as compared to periods of last year. During the period of January-March 2013 Ahmadabad and Delhi-NCR recorded a threefold increase in net absorption. In the first quarter of 2014 number of new residential projects launches with 56,000 units across eight metropolitan cities and Bangalore recorded maximum number of units at an increase of 21 per cent at 17,838 units, followed by Mumbai and Chennai, according to a report by Cushman & Wakefield. Indianreal estate has large number of investment opportunities, all corporates look to expand businesses, India is expected to witness major demand for office space in 2014. Office space absorption across the country's seven major cities is likely to increase ten per cent this year to 30 million square feet, according to global real estate consultant.

  4. The retail space absorption by the top eight metropolitan cities is expected to more than double to 12.7 million square feet in 2014 and this will take up the retail space across India's modern cities to 88.6 million square feet by the end of the year according to a report by Jones Lang LaSalle. Real estate construction development sector, including township, housing projects, built-up infrastructure and these projects garnered total foreign direct investment (FDI) worth US$ 24,211.54 million in the period April 2001-January 2014. Infrastructure activities during the period received FDI worth US$ 2,539.58 million according to the Department of Industrial Policy and Promotion. The market of real estate is expected to result in high transaction activity, eminently in income yielding commercial office equity during 2014.The country still needs to add number hospital and educational institutes to meet the global average.

  5. Contact Us: Satellite Developers Pvt. Ltd.7th Floor, S-14, Solitaire Corporate Park,Andheri Ghatkopar Link Road,Andheri (E), Mumbai 400093 Kindly refer to Group Satellite at the below link: www.groupsatellite.com

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