| The real estate sector is booming in India | | | | |
| like never before. As the economy of the | | | | For a country like India, the real estate |
| country shifts into the higher gear of growth | | | | sector has to grow, we are the second largest |
| and development, the real estate sector is | | | | populated country in the world and we acquire |
| not left behind and is marching on the road | | | | around 17% of the worlds total population and |
| to solid growth, hand in hand with the | | | | hence the sector has to grow as, invariably |
| economy. | | | | as the standard of living of the people keeps |
| | | | going up, the people will demand more and |
| With the land in the metros becoming | | | | more homes and hence the real estate sector |
| extremely expensive, the real estate | | | | will face a huge demand. |
| developers are shifting to the suburbs very | | | | |
| fast and the homes offered by the real estate | | | | Real estate markets continue to gather |
| developers and builders are no longer in the | | | | momentum in all major markets of the country. |
| cities but are from the adjoining suburbs. | | | | Mumbai, Delhi, Bangalore and Chennai continue |
| The city of Mumbai has developed a completely | | | | to attract interest from IT and ITES |
| new suburb called Navi Mumbai and this is a | | | | companies who are either establishing base in |
| great example of how prime real estate land | | | | these places or are looking for expansion. |
| drives the developers to newer avenues. | | | | Real scenario can be achieved on |
| | | | |
| And the real beauty of the trend of the real | | | | India is increasingly viewed as a promising |
| estate boom is that it is a very | | | | market for all kinds of high-tech ventures. |
| comprehensive development, rather a parallel | | | | Its economy is expected to grow nearly 10 |
| development and increase of demand for all | | | | percent this year, and Indians hope that this |
| the types of houses that the industry can | | | | means the breakthrough to sustained long-term |
| offer, for example as the demand for one | | | | development. But even if the Indian economy |
| bedroom flats increases, so does the demand | | | | grows at about 6 percent annually, as it has |
| for the elite concept homes is increasing, | | | | over the past decade, this opens up |
| this is a very optimistic trend as the | | | | substantial opportunities for foreign arms |
| development is not in any one of the segments | | | | companies, especially as India has recently |
| but in all the segments, and this can be | | | | undertaken a vast modernization of its |
| considered as a real benchmark for | | | | weapons systems, and is also trying to |
| determining whether real growth is happening | | | | overhaul its dysfunctional defense industry. |
| or not. | | | | |