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.
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With the pace of time Indian real estate market is emerging as one of most lucrative options for investment in the world markets.India Property
Real Estate India is one of the main theme of diversification for national and multinational investors with particular emphasis of buying residential & industrial properties in Delhi & N.C.R.