During the last decade India underwent with many changes which on the whole changed the fortune of the country. Not wrong in mentioning the entire credit goes for the Realty segment because it was the one which gave the metros and the nation the global consideration. The IT and the BT arrived in India during this period and it changed the shape of the economic system at once.
It is reported by the sources to the www.propertykhazana.com that the realty was on the peak with FDI and other investments flow crossing USD 435 Billion in very short time and this report was revealed by the Edelweiss Securities.
In addition, the reports said that, on average there shall be 33% increase in the construction area every year with residential constructions adding up to 2.3 Billion Sq.Ft fallowed by 61 Million Sq.Ft office space and 25 Million Sq.Ft of retail space.
As said by the sources to the www.propertykhazana.com there was huge investments expected from the overseas through FDI and AIM and similarly, the boom also set a new history with many Public Private Partnership (PPP) ventures and SEZ’s.
It was estimated by the market experts that the Indian Realty segment shall be successful with investments flow exceeding USD 400 Billion by 2010. The reports further claimed that there shall be about USD 27 Billion with approximately USD 5 Billion in each financial year and similarly with the retail projects expected with USD 13 Billion and total investment flow reaching up to USD 450 Billion approx.
It is very identical that residential realty market is highly benefited and has the major stake of about 90% in the Indian realty market and the commercial realty sticks firm with 80% fuelling the IT and BT sectors.
Source: NIMMA BENGALURU
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