Indian Real Estate – A Booming Industry

Shopping malls and controversial SEZs (Special Economic Zones) that detractors allege the government is misusing for selling prime-land at throwaway prices to large industrial houses will also attract foreign investment in this sector.

Property commentators are stunned by the manner real estate prices have almost doubled over the last three years in metropolitan cities like Delhi, Bangalore, Chennai, and Mumbai. Besides big cities, with growth of above 50%, smaller cities are also observing healthy growth in this sector. Corporate real estate rush is observed in almost every part of the country, even the cities in Himalayan region such as Mussourie, Shimla, and Dehradun aren’t untouched by this. Major companies are developing vacation homes and resorts in these cities.  As per a Research Analyst's view at RNCOS, who has recently researched a report on “Opportunities in Indian Housing Sector (2006-2007)", unless there’s a revolutionary change in market conditions, flows of funds into Indian real-estate sector from foreign investors will continue for at least a couple of years from now.