Winds,Change,Indian,real,Estat marketing Winds of Change: Indian real Estate in 2016
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The economic pick- up has been significantly noticed in almost all major sectors except for some ups and downs after the new government took over. The drastic steps taken by the government has successfully aided in the substantial growth of the real estate sector in India. Relaxing the laws of allowing FDI and proposing the REIT: Real Estate Investment Trust have to a great extent boosted infrastructural activities and has given rise to the investments in the sector. Regions such as Bengaluru ,NCR (National Capital Region), Chennai, Hyderabad, Pune, Gurgaon, etc. have seen a tremendous growth as compared to the previous years in terms of land being occupied for commercial purpose and also the rates for the same.Also, to rake in more currency from cross borders, the government has taken initiatives to induce considerable investment from NRI i.e. Non Resident Indians as well as PIO i.e. People of Indian Origin communities. Property transactions have been allowed for all foreign citizens in India, be it in the commercial sector or residential sector of Indian Real Estate. The upcoming projects in these major cities are a huge source of attraction among the NRIs. Created keeping in mind the need of the hour, the commercial structures are an amalgamation of utility and westernization. These projects are among the choicest option for foreign investment in the country and are expected to rise the inflow of funds in the country by multifold.As against the residential market, the commercial sector is believed to gain more impetus in the current year. Commercial projects in India are being built with state of the art infrastructure and are no less when compared to their international counterparts. The income generated from these complexes is bound to increase by leaps and bound and hence these structures are predicted to be the best among the options available for NRI investments and FDI. Be it government undertakings such as the building of highways, road projects, airports, metro railways and others or private commercial projects such as retail malls and other commercial properties on rent and office spaces on rent, the amount of pressure that these structures create on the pocket of the government as well as the real estate constructors and builders is eased to quite an extent with the help of the foreign money and NRI investments. Also the investors are seeing this as an opportunity to invest in a segment that offers not only growth but exponential growth. With more and more countries turning to India to invest in various sectors such as manufacturing, service industry and the like, real estate sector is one that by the numbers seems to be among the most promising sector and one that can guarantee results at unbelievable rates.
Winds,Change,Indian,real,Estat