RESIDENTIAL REAL ESTATE

"If the human race wishes to have a prolonged and indefinite period of material prosperity, they have only got to behave in a peaceful and helpful way toward one another." -Winston Churchill. The heresy of typical Indians has changed the orthodox mindset of building and designing a house to live in it. A ramification of this is that houses are nowadays counted as a transitory asset. The idea of buying a house that will last a lifetime has gradually vanished. The buzzword nowadays is 'investment'. Both the policymakers and the stock-brokers share a united view in this aspect (although moved by different intentions). “The growth in the real sector is not unreal” said S. K. Jain, President Global Infocom.

The real estate market in India is yet in a nascent stage and the scope is simply unlimited. It does not resemble a bubble that will burst. An unhindered growth for the next twenty years is almost sure. This is because the outsourcing business in India is going in great guns and this entails a huge demand for commercial buildings and urban housing besides improvement in infrastructure.

Opening the doors to foreign investments is a further step in this direction. The government has allowed FDI in the real estate sector since 2002. FDI was deemed necessary in the view of making the sector more organized and increasing professionalism. The villages adjacent to the metro cities have experienced sky-rocketing land prices. This has induced farmers to sell their land for good money.

With the pace of time the Indian real estate market is emerging as one of the most lucrative options for investment in the world real estate sector. Investing in real estate India is safer than other countries, as Indian economy is growing at a very fast rate and survey shows that real estate India shall maintain its steady growth in future. While international developers and builders have registered their strong presence in Indian real estate market, more than dozen Indian companies have diversified their portfolios and entered into the field of real estate thus giving tremendous boost to the Indian Properties especially residential segment.

In the residential segment, availability of easy home finance and rising purchasing power has driven the growth. Builders are launching high-end, lifestyle residential products to cater to the growing bunch of high net worth individuals.