The real estate sector in India is booming and has witnessed a big growth in the recent times. The world class property is not only attracting Indians but also foreign nationals to invest and live a luxurious life. The markets have seen an up rise in real estate investments mostly in the cities of Delhi and NCR. Noida, Gurgaon, Faridabad are fast becoming a hub spot of some of the finest and luxurious homes and also a congenial office space. Chennai, Mumbai, Bangalore and Hyderabad are also the ones giving huge potential and exploration for the property market in India.
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The ever rising income levels of the middle class families, easy home loans, nuclear families, foreign direct investments are some of the reasons for the growth in buying homes. The huge investment in real estate and property can also be credited to the rise in buying a commercial property. Most of the known corporate brands and multinationals of the world have opened their offices in India and many more are coming in to invest and set up a base leading to a growth in the Indian economy.
Not only the big cities but some of the smaller towns are witnessing a growth in the property market. The govt. of India through regularization of the laws of the land have created huge opportunities for the foreigners and they are allowed to purchase a property whether a residential or commercial property. The new policies now suit home and office buyers as well as developers. Many new shopping malls and skyscraper infrastructures are being built. The big names like the Hiranandani Group have also bagged prestigious projects overseas creating more opportunities for the developers and builders alike. Ansals, DLF Group, Vatika, Unitech and Omaxe are the new names of some of the biggest developers in the Country.
These new generation developers and builders are providing ample features with the property. The new lifestyle homes and office space meeting international standards are the new mantra for bringing in the change in the Indian society.
The banks whether private or nationalized are providing home loans as well as commercial loans for buying a property in India. Also, the interest rates are going downwards.
The real estate sector is broadening its horizons and India is set to become the most sought after real estate market among the emerging economies of the world.