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Real Estate Boom In India Review By Zameen-zaidad
The real estate boom in India is interlinked directly to the industrial and economic growth with stability and strong presence of multinational companies throughout India have made the preferred destination for investment in real estate sector. India has been adjudged as one of the fast growing economic clubbed with buoyant stock markets and healthy economic growth which have enabled India to emerge on global arena.
As per the demographics, India has one sixth population of the world or say around 17% and for such a huge population, there always exists a high requirement of residential, commercial, retail and industrial properties which have transformed the real estate business very lucrative. Based on the real estate boom in India all big developers and builders have launched their major projects in all big cosmopolitan cites in the segments as needed or demanded by the local markets .
Needed to mention real estate boom in India is directly responsible for fast growth of over 200 industries such as steel, cement, paint, teenier, bricks and many other building materials. ...
... Not only has this real estate boom in India contributed around 5% GDP i.e. next to agriculture. It is learnt that government is in the process of real estate regulatory act and once the same is declared it will save the buyers from unnecessary harassment at the hands and developers and builders. This will in turn give a fillip to real estate boom increase up to 6% in the near future. If the RBI government improves the buyer friendly policies viz –a-viz restructuring of loans, increasing demand by reducing taxes/for ices, offering customer friendly bank loan and introduce innovative real estate products will surely add to the real estate boost in India.
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