The Indian real estate sector is the second largest employer in India after agriculture. In India's fast-growing economy, real estate has emerged as one of the most appealing investment areas for domestic as well as foreign investors. The real estate sector will continue to derive its growth from the booming IT sector and Retail since an estimated 50 per cent of the new construction is for the IT sector and 30 per cent for the Retail sector. The real estate sector will grow to $70 billion by 2015 at an average rate of 25% per annum. Investment opportunity is expected over $70 billion in the next seven years.
Real estate in India is witnessing boom is one of the best investment opportunities available in the country. Growth across India has been affecting development of real estate and infrastructure, not only in the metros, but in Tier 2 and 3 cities as well.
The real estate industry has a lot of potential as various foreign Real Estate and Finance companies have entered the Indian market. The Indian government has played a major role in supporting the growth of the real estate sector by allowing NRI investment in real estate.
NRI investors looking for investment in real estate India would have access to first hand information on upcoming and current real estate projects, as a range of property options. The real estate market is on the upswing and for NRIs in this region, this is the right time to invest in properties back home.
This is a market research by Realestory team.
