Sources revealed at www.propertykhazana.com say that the Indian Real Estate is on boom with fit proceeds reaching huge from last 2 years. This has achieved in grasping the interest of potential investors who had struggled for their share in the tart. Then the continuous boom time, market rapidly started to go down and idealistic and high-priced land rates along with many rises in housing loans interest rates had turned the housing land dream bitter.
It is also added by the source at the www.propertykhazana.com that Indian economy has the position of being the world’s 4th largest economy on basis of PPP and it followed in the line after the US, Japan, and China. Growing at 8% its development measures are encouraged by shot in service segment. One of the direct results of the burly economic growth of Indian economy is hiking in per capita income which going high. India has a population of about 1.2 Billion people with 75% under the age of 50 years.
Moreover these issues are not honestly shoving the growth; there is a rush in demand for housing and commercial land in Indian metros. Need of 20 Million new housing units, 200 Million Sq.ft of planned retail and 50,000 new hotel rooms will lead to the growth in Indian realty. If such huge growth is there in store for realty segment in India then what led experts to forecast a break in land market.
Union Budget released a strict policy and taut liquidity during the hike in housing loan interest rates by RBI in a try to manage price arise. Farmer’s revolution against the building of SEZ’s was the new rule by the market regulator SEBI forcing realty to redraft their IPO papers and disclose facts of property banks and their listing papers.
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