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Follow on Google News | Indian Real Estate – A Booming IndustryIndian real industry has been witnessing tremendous growth since the government allowed 100% foreign direct investment in the construction business from March 2005.
By: RNCOS The main reason behind this boom in Indian real estate industry is said to be government’s approval to allow 100% foreign direct investment (from March 2005) in this sector. Prior to this, only NRIs and people of Indian origin could invest in real estate and housing sectors in India. Experts suggest that more companies will be attracted to India in the years to come, as a large number of Fortune 500 companies are present here. Therefore, more corporate space will be required by these companies and dividends will increase for investors in this sector. At present, about 70% of foreign investors in this business are making huge profits and the rest are breaking even. Shopping malls and controversial SEZs (Special Economic Zones) that detractors allege the government is misusing for selling prime-land at throwaway prices to large industrial houses will also attract foreign investment in this sector. Property commentators are stunned by the manner real estate prices have almost doubled over the last three years in metropolitan cities like Delhi, Bangalore, Chennai, and Mumbai. Besides big cities, with growth of above 50%, smaller cities are also observing healthy growth in this sector. Corporate real estate rush is observed in almost every part of the country, even the cities in Himalayan region such as Mussourie, Shimla, and Dehradun aren’t untouched by this. Major companies are developing vacation homes and resorts in these cities. As per a Research Analyst's view at RNCOS, who has recently researched a report on “Opportunities in Indian Housing Sector (2006-2007)", unless there’s a revolutionary change in market conditions, flows of funds into Indian real-estate sector from foreign investors will continue for at least a couple of years from now. Key issues and facts analyzed by “Opportunities in Indian Housing Sector (2006-2007)” report include: - Get an insight into the trends in market performance. - Pinpoint sectors of growth and identify the driving factors. - Housing industry is promoted and supported by housing finance companies in India. - States in India will have the highest demands for the houses by the year 2010. - Key Challenges and Strategies in this sector. About RNCOS: RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis. For more information visit: http://www.rncos.com/ Current Industry News: http://www.rncos.com/ Website: www.rncos.com End
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