Real estate business in India is growing taller and taller with its growing age. Earlier stocks, bonds and various equity funds were the first choice of the investor but with the change of time it curved towards the real estate sector with adequate transparency and better percentage of gain. An improved quality of real estate dealing in recent times has made common public to eye on the construction sites as there is a huge growing demand of the housing units around the nation.
According to the sources, the market worth of the investment in the construction business has touched the peak of 69.4 billion USD during 2006 it is estimated about 101.3 billion USD at the end of 2010 June. It marks a total GDP of 8.2 percent hike for 2009. It also been observed that the market worth for commercial space which are under construction touches USD 34.8 billion which includes the 74 percent of the estimated worth of the market. Looking to the second quarter of 2010 it was confirmed with 70 percent contribution to the market value at the tier I cities of the country like Bangalore, Mumbai and NCR – Delhi with the under construction of commercial space. A percent of 21 is contributed through same manner at the tier II cities like Chennai, Pune, Hyderabad and Kolkata, where as 9 percent is the contribution amount at the other III tier cities of the country in commercial segment. But prediction is high for these tier III cities as a fast growth for the both commercial premises are observed during a recent survey. Apart from this, the residential segment is growing faster than the expectations as there are high demands for housing units all around. It was also observed that the market worth of the residual construction touched the peak of 66.5 billion USD. at the second quarter of 2010.
Source: NIMMA BENGALURU
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