Yaken Schecher

Boost- Real Estate India

India has become a new market for foreigner investors due to its economical growth rate.

Real estate India sectors, tourism sectors, hotel industries, medical sectors, telecom sectors, IT sectors and also small industries are showing sustain growth.

The IT and ITES sector are expected to continue growing at over 30%.  An additional 367 million sq ft of office space will be required between now and 2012-13 to meet demand.

Retail real estate or  property in India  is booming too.  The end of 2008,66 will add million sq ft of retail space in the eight largest Indian cities, and 13 million sq ft in the next seven largest cities.

According to the Ministry of Tourism, by 2010 India will have 2.9 million hotel rooms compared to today’s 1.2 million.  According to CRIS-Infac estimates, demand for hotel rooms will grow at a compounded annual growth rate of 10% over the next five years.

India will also need 10 million new housing by the year 2030, according to a projection by Asian Development Bank.

Real estate development in coming years would be boosted by release of land by public sector undertakings and government projects focusing on urban development, the study added.

So please dare to dream property in India Come into N.C.R, comfort zone to start habitation and business activities for ultimate peace of mind where basic infrastructure facilities are progressing day by day.

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Article Tags: Real Estate India, Real Estate, Estate India

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