India Real Estate News
The real estate story in India is growing bigger by the day. Industry experts believe that Indian real estate has huge demand potential in almost every sector -- especially commercial, residential and retail. Our website, indianrealestatenews.com gives a vivid understanding of the leading investors, consultants and builders participating in the real estate market of India. DLF, Eldeco, Parsvanath, ATS Infrastructure, Omaxe, and TDI are a few of the leading developers who have secured a prominent position in the real Estate business. They along with the leading Indian real estate investors like HDFC, ICICI Venture and Kotak Mahindra helps the clients to develop their required construction projects. Further, there are real estate consultant firms which guides one from the planning stage to the completion of the projects.
Growth in commercial office space requirement is led by the burgeoning outsourcing and information technology (IT) industry. By 2010, the IT sector alone is expected to require 150 million sq.ft. of space across major cities. It is estimated that in the residential sector there is a housing shortage of 19.4 million units out of which 6.7 million are in urban India. The increase in purchasing power and exposure to organized retail formats has redefined the consumption pattern. As a result, retail projects have been mushrooming across even small cities. The retail market is expected to grow at around 35 per cent. Industry observers feel that this growth is facilitated by favorable demographics, increasing purchasing power, existence of customer-friendly banks and housing finance companies, professionalism in real estate and reforms initiated by the Government to attract global investors.
For more news on Indian Real Estate, log onto our website, indianrealestatenews.com.
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