The new engine of Indian economy

India (SANEPR.com) August 11, 2008 -- Real estate in India has been seeing major rise in the market for the past some years. The sources of industry claim that upward graph has no sign of coming down for few more years to come. The facts that major real estate companies in India have gone public, guarantees the potential of our country's market. The initial development of residential, complex, business estate to retail space development has ensured that the Indian property market is booming with various activities. The Government approval of 100% foreign direct investments in India has ensured that real estate development's progress is consistent with the upward march of the financial market. The biggest investments are being made in the real estate sector.

Buyers across the globe are showing interest and Indian property now features at the top of the list of the international real estate investors. In this context, Real Estate on Internet provides a platform for Indian property owners and potential buyers. On the internet there are comprehensive listings of residential & commercial property in all the major as well as the second tier cities in India, including real estate in Delhi, Bangalore, Agra and NCR.

The Indian real estate sector has witnessed a revolution, driven by the favorable demographics and liberalized economy. Growing at a scorching 35 per cent rate the realty sector is estimated to be worth US$ 15 billion and anticipated to grow at the rate of 30 per cent annually over the next decade, attracting foreign investments worth RS 30 billion, with a number of IT parks and residential townships being constructed across India.

The second largest employing sector in India (including construction and facilities management), real estate is linked to about 250 ancillary industries like cement, brick and steel through backward and forward linkages. Consequently, a unit increase in expenditure in this sector has a multiplier effect and the capacity to generate income as high as five times. Rising income levels of a growing middle class along with increase in nuclear families, low interest rates, modern attitudes to home ownership (the average age of a new homeowner in 2006 was almost 30 years compared to 45 years a decade ago) and a change of attitude amongst the young working population from that of 'save and buy' to 'buy and repay' have all combined to boost housing demand.

Real estate in India hiked more than 20 per cent of the total value of private equity investments, and more than 20 million RS would pour into the sector in the next three years. This flow of private equity continued in current year .During the initial five months of 2008, the equity commitments into the real estate in India companies has surpassed RS 3 billion. At our property and real estate directory one can easily find all property related resources and companies. The aim is to provide the best property and real estate leads and resources on the net. Through state of the art property directory one will find all kind of real estate companies dealing in commercial and residential properties including surveyors, appraisers, mortgage providers, home finance companies, property associations, lawyers, estate agents and more.

This huge chunk of shift is a big change in the way homes are being bought and sold and the role the brokers of real estates. Real Estate Property includes properties of both the buyers and the sellers. It includes all kinds of land, building, apartments either for sale or rental purpose.

Thus, we see that real estate in India has a bright future ahead and that it will have a substantial impact in the current market scenario of the Indian Economy. The real estate agents are the mediators between the buyers and sellers who charge nominal amount from the potential customers.

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