The one word that has defined India is the past 50 years is ?Growth?. Real Estate has been in the torchbearer to this phenomenon. Reaping manifold more than what was sowed is the championing cause. Reports show that in spite of the recessive state that the world has been witnessing, Real Estate industry has made quiet bylanes on the path of assertive progress, escalating up to 14% annually.
Real Estate is India has been aided by both the Conservative view as well as the global, more modern outlook. Traditionally, investment in land or property has always been encouraged. It is almost an ingrained fact in the Indian mindset that owning a piece of land is the ultimate goal. This view has now been been accentuated by statistics that in turn bought in the attention of the global investors who want to grab their share of the pie.
India is the third most preferred country for foreign investors. Many major international companies like HP, General Motors etc are liaising with India and setting up ventures here. Ventures directly translates to Real Estate. As a result, construction industry has also been thriving as a beneficiary. It can safely be concluded that Real Estate is the fastest growing sector in our country.
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