By Rohit Dhingra
Realty sector is one of those sectors that have always yielded high percentage of capital gain for the investors. Whether be it in the case of the developed countries or developing nations, each and every economy tries to maintain its financial infrastructure as sound as possible so that they can easily attract more number of investors and business personnel to involve with their economy. Real estate sector depicts the true economic development of a particular nation. India, one of the fastest developing nations in this world since independence; has successfully emerged as one of the lucrative destinations to reap assured benefits on real estate investment in almost all the states and cities of the nation. The modern amenities and infrastructural facilities as good connectivity roads, green environment, better transport; secured power supply are some of the standout features that have lured the attentions of investors from all across the globe towards India real estate properties.
In India real estate properties can be broadly categorized mainly into two distinct groups, namely the commercial property and the residential property. The underlying line of distinction between a commercial property and residential property is noticed while noticing the use and purpose of that property. Commercial properties are commonly used as office buildings, malls, retail outlets, etc. and residential property is mainly used for personal use only.
Due to the development of industries in the NCR region, more and more number of people have started to earn huge amounts of return from their jobs and businesses. Now they want to invest their earnings in more lucrative as well as less riskier investments that would give them more benefits as compared to the other options. The Indians look at the business as the more profitable option with greater dividends on investments. This in turn has led to the increase in the amounts of foreign investments in business in India. And real estate markets in India are growing continuously at the rate of 30% each year.
Turning our looks towards the state of the residential properties in Gurgaon and the neighboring NCR cities, with the fast expansion of population in northern India aided by the recent boom in the jobs sector, the demand for residential property for such a large population has seen a good amount of surge. The recent surveys that have been conducted India have strongly indicate India has the second largest population in the world and china has the largest population in the world. The study also reveals that with in the next decade India will cross Chinese population and will be on the top for having largest population.
Commercial as well as real estate sector has witnessed a real boom in the NCR region in India. Since the liberalization of the Indian economy, real estate business has seen an upward trend in the last fifteen two decades. The advent of the multinational companies to India in order to set up a viable industrial base, especially the IT sector, which has seen a phenomenal growth, the demand for space has risen up and with that the prices have also been touching sky heights. The major source of the thrust is mostly due to favorable economic policies, the constant rise in the purchasing power, new growth of customer friendly banks professionalism in real estate.