According to the recent survey reports, Indian economic structure underwent an exponential growth in the last 15 years. The real estate market in India has a big contribution behind this economic growth. Realty market in India accounts to a gigantic eleven percent of the National GDP. Have you ever wondered what are the factors behind the rapid growth of this industry. Here's a case study that will make you understand why the growth is in its favor.
Key Factors For Real Estate Growth:
1. Increase in population in the urban areas of the country
2. Initiative taken by the Government of India in contributing to the country's infrastructural development in order to create a business-friendly and investor-friendly atmosphere.
3. The Government of India is also lowering the rate of interests thereby easing the monetary economic policies so that investors can take up home loans at an affordable rate.
4. Industrial development across many metropolitan cities invited people from other parts of India to migrate in those places for career growth and a better life. Such a scenario has led to an increase in the demand for residential as well as commercial properties.
In fact properties in metropolitan cities like Bangalore, Delhi, Gurgaon, Kolkata, Mumbai, Pune, Hyderabad, etc, are being sold like hotcakes. However while investing in any property (be it under construction property or a ready to move in property) one must be careful because the world of real estate is not free from fraud or unreliable builders and promoters. As you know precaution is always better than cure, leading property review sites like PropTalkies are of great help in this respect.
Home buyers can refer to PropTalkies to check the rankings and residential property reviews of different projects developing in their preferred locations. These reviews are posted by other customers who have prior experience of any project. At these sites you will find valid information about different properties such as location, accessibility to main centers of the city, facilities available, prices, interior design of the rooms, and many other details. Such information will automatically help you decide whether a particular project suits your needs or not. Hence you will be able to take a good decision. PropTalkies is an open property review site which acts as a platform connecting the buyers and sellers by offering valid information about different real estate projects.
Key Factors For Real Estate Growth:
1. Increase in population in the urban areas of the country
2. Initiative taken by the Government of India in contributing to the country's infrastructural development in order to create a business-friendly and investor-friendly atmosphere.
3. The Government of India is also lowering the rate of interests thereby easing the monetary economic policies so that investors can take up home loans at an affordable rate.
4. Industrial development across many metropolitan cities invited people from other parts of India to migrate in those places for career growth and a better life. Such a scenario has led to an increase in the demand for residential as well as commercial properties.
In fact properties in metropolitan cities like Bangalore, Delhi, Gurgaon, Kolkata, Mumbai, Pune, Hyderabad, etc, are being sold like hotcakes. However while investing in any property (be it under construction property or a ready to move in property) one must be careful because the world of real estate is not free from fraud or unreliable builders and promoters. As you know precaution is always better than cure, leading property review sites like PropTalkies are of great help in this respect.
Home buyers can refer to PropTalkies to check the rankings and residential property reviews of different projects developing in their preferred locations. These reviews are posted by other customers who have prior experience of any project. At these sites you will find valid information about different properties such as location, accessibility to main centers of the city, facilities available, prices, interior design of the rooms, and many other details. Such information will automatically help you decide whether a particular project suits your needs or not. Hence you will be able to take a good decision. PropTalkies is an open property review site which acts as a platform connecting the buyers and sellers by offering valid information about different real estate projects.