Saturday, February 2, 2008

India is No.1 developing country in realty returns

India is top on the list of real estate returns, in the terms of developing country, having third rank in the world's after US and China. US real estate continues to top in the global property market stakes among foreign investors. Historically, real estate development in India has been highly fragmented. These developments, coupled with healthy economic growth indicators and a new-found comfort in this sector triggered a lot of activity and capital appreciation in the sector over the past few years. The commercial and retail sectors continue to demonstrate record absorption and bullish price movement.
Even though this might be a result of increased interest rates, real estate sector is growing. Demand of residential and commercial real estate is increasing day by day.
Behind this, demand of luxurious resident, mall shopping, luxurious car, branded cloths etc. by youth.