In the past years, the India property market is totally in a slowdown phase. The burgeoning service sector in India spread heads the commercial and residential real estate demand in the country. In the next 3 years, as per the reports, only 27 million sq ft is available for the industry at present another 90 million sq ft will be added in year 2008-2010. Real estate prices skyrocketed 80 to 400 percent. Because of hardening interest rates on homes loans, the middle class is finding it difficult to afford a house in past six months of properties in demand gone down.
The buyer of individual property or a group of individuals could be different types. The home loan needy is taken care by specialized housing finance companies, foreign banks across the country that are set to play the most necessary role in the development of the real estate market.
Commercial Scenario:
The IT sector alone is expected to require 150 million sq ft of space to cater its operations across the India. The Indian real estate offers blend commercial property options. Real estate Review private non-residential construction is growing at a fairly strong pace to its park.
Residential Scenario:
The Indian real estate market having most popular regions to buy property is Noida, Lucknow, Goa, Kerala, and Delhi-NCR. Special programs discouraging high-rise developing promise high quality living spaces with residential flats/apartments.
The buyer of individual property or a group of individuals could be different types. The home loan needy is taken care by specialized housing finance companies, foreign banks across the country that are set to play the most necessary role in the development of the real estate market.
Commercial Scenario:
The IT sector alone is expected to require 150 million sq ft of space to cater its operations across the India. The Indian real estate offers blend commercial property options. Real estate Review private non-residential construction is growing at a fairly strong pace to its park.
Residential Scenario:
The Indian real estate market having most popular regions to buy property is Noida, Lucknow, Goa, Kerala, and Delhi-NCR. Special programs discouraging high-rise developing promise high quality living spaces with residential flats/apartments.
Good information about residential or commercial property. I think its good enough for buyers.
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