The real estate industry scenario in India

The real estate industry scenario in India 

Indian real estate sector has witnessed significant growth in the past few years, and is expected in the coming years to 30 percent rate of growth. Sector appears, for domestic as well as foreign investors are most attractive investment areas. 

Responsible for the growth of the industry is a major factor in increased purchasing power, favorable demographic structure, there is a customer-friendly banks and housing finance companies, professional real estate and favorable reforms initiated by the government to attract investment in real estate. 

Growth prospectsThe Indian real estate market in 2020 is expected to touch on $ 180 billion. In fact, demand is expected to grow by 19% between 2010 and 2014, a compound annual growth rate (CAGR) is expected to account for about 40%, which is a big city. 

Investment opportunitiesAt Currently, investment trends in India presents a huge number of overseas Indians in the Indian real estate sector investments. 

India needs over the next 20 years to invest $ 1.2 trillion of the modern urban infrastructure and keep up with growing urbanization, according to a report released by the McKinsey Global Institute (MGI) of the Indian city of awakening. 

Growing infrastructure needs of sectors such as education, health care and tourism sector offers many opportunities. In addition, India will generate an estimated 2 million graduates from Indian universities during the creation of one million square feet of office and industrial space requirements. In addition, there is a large number of Fortune 500 companies and other well-known companies will attract more and more companies began operating bases in India, thereby creating more demand for corporate space. 

In India real estateConstruction development department of foreign direct investment (including townships, housing, built infrastructure development projects) has attracted a total value of 22,007.67 million U.S. dollars of foreign direct investment (FDI) from April 2000 to February 2013 , according to the Department of Industrial Policy and Promotion (DIPP). 

In addition, the department is set to 4-5 billion U.S. dollars, foreign investors in the coming years of strong capital inflows, Bangalore, Delhi and Mumbai and other emerging favorites, each one giant global real estate consultancy Jones Lang LaSalle. 

Government initiatives, the Government of India (GOI) sectorThe has allowed foreign direct investment under the automatic route township, housing, built infrastructure and construction development projects to increase the real estate investment, generate economic activity and create new jobs and up to 100% add to the available stock of housing, built infrastructure. 

Reserve Bank of India (RBI) to grant permission to foreign citizens of Indian origin in India to buy property, residential or commercial purposes. In addition, the government is also committed to the introduction of foreign direct investment in multi-brand retail, the introduction of the resurrection developer interest in the existing SEZ policy changes and expansion of the private sector in infrastructure development in rats. 

Tax AdvantagesPeople can use huge tax incentives, investing in real estate: 

Tax exemption reinvest the proceeds from property sales possibilities qualifications 

In India's housing loan interest tax benefit is available in