REAL ESTATE SECTOR IN INDIA
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REAL ESTATE SECTOR IN INDIA
INDEX
OVERVIEW
INTRODUCTION
PRESENT SCENARIO OF REAL ESTATE
REAL ESTATE MARKET
GROWTH DRIVERS IN REAL ESTATE
RISKS INVOLVED IN THE REAL ESTATE INVESTMENT MARKET
THE CHALLENGES
POLICY INITIATIVES
CONCLUSION
REAL ESTATE SECTOR IN INDIA
OVERVIEW
While India continues to be one of the fastest growing economies, this pace of growth is unlikely to sustain unless it is supported by an equally robust development of its infrastructure. Key requirements in order to achieve a GDP growth rate exceeding 8-9% include roads, power, ports as well as urban infrastructure. The last couple of budgets have taken steps in the right direction for growth of the sector. An allocation of Rs. 200 billion towards infrastructure projects under the 2011 budget is an attempt to achieve the Governments target for growth of Infrastructure under the Eleventh Plan.
India will have around 27 to 30 million shortage of housing units by 2013 and for this; huge amount is required to carry on the development. Slowdown in the global economy along with consistent increase in policy rates by the Reserve Bank of India (RBI) finally seems to be impacting the domestic economy with the GDP growth cooling down since past few quarters. The GDP growth recorded during first quarter of financial year 2012 has slowed down to 7.7 per cent as against 9.3 per cent during first quarter of financial year 2011.Even the projected GDP growth for financial year 2012 has been revised downward to 7.9 per cent from 8.2 per cent by the RBI.
The real estate sector in India is being recognized as an infrastructure service that is driving the economic growth engine of the country. In fact, Foreign Direct Investment (FDI) in the sector is expected to increase to US$ 25 billion in the next 10 years, from
REAL ESTATE SECTOR IN INDIA
INDEX
OVERVIEW
INTRODUCTION
PRESENT SCENARIO OF REAL ESTATE
REAL ESTATE MARKET
GROWTH DRIVERS IN REAL ESTATE
RISKS INVOLVED IN THE REAL ESTATE INVESTMENT MARKET
THE CHALLENGES
POLICY INITIATIVES
CONCLUSION
REAL ESTATE SECTOR IN INDIA
OVERVIEW
While India continues to be one of the fastest growing economies, this pace of growth is unlikely to sustain unless it is supported by an equally robust development of its infrastructure. Key requirements in order to achieve a GDP growth rate exceeding 8-9% include roads, power, ports as well as urban infrastructure. The last couple of budgets have taken steps in the right direction for growth of the sector. An allocation of Rs. 200 billion towards infrastructure projects under the 2011 budget is an attempt to achieve the Governments target for growth of Infrastructure under the Eleventh Plan.
India will have around 27 to 30 million shortage of housing units by 2013 and for this; huge amount is required to carry on the development. Slowdown in the global economy along with consistent increase in policy rates by the Reserve Bank of India (RBI) finally seems to be impacting the domestic economy with the GDP growth cooling down since past few quarters. The GDP growth recorded during first quarter of financial year 2012 has slowed down to 7.7 per cent as against 9.3 per cent during first quarter of financial year 2011.Even the projected GDP growth for financial year 2012 has been revised downward to 7.9 per cent from 8.2 per cent by the RBI.
The real estate sector in India is being recognized as an infrastructure service that is driving the economic growth engine of the country. In fact, Foreign Direct Investment (FDI) in the sector is expected to increase to US$ 25 billion in the next 10 years, from