Trends in the Indian Real Estate Market

India has become fifth largest retail market in the world today with its whipping growth in retail sector. The cost of properties has risen considerably over the years making the real estate market a booming one. In fact, Investment in a property has turned into a fruitful option for majority of people. It is estimated that by the end of the 2010 India will be affluent with nearly 600 more shopping malls. Thus the retail bustle will be ever different being the prime focus in upcoming years. To meet the diverse demand of fanatic and impatient buyers, now real estate agents and developers are coming up with different ideas like specialized buildings and malls including Auto and furniture malls.

The major driving force behind this realty boom in India is the steady extension of IT industry and the subsequent development of the middle class status. Both commercial and residential growth is running with a never before pace. The most favored cynosures for investors are Bombay, Bangalore, Hyderabad, Madras, Gurgaon, New Delhi, Pune, Chandigarh, Calcutta and Jaipur.
Real estate in Gurgaon has come of age which attracts many investors and leading real estate agents of the country. In the context of rapid realty development, Gurgaon tops graph in contrast to its counterparts. With the outburst of mall boom, the rate of real estate in Gurgaon is touching the sky and has become a mall capital of India. Subsequently, real estate consultants in Gurgaon are mushrooming at an exorbitant speed. In fact most real estate agents have even started focusing only on those Gurgaon properties that are located in the vicinity of malls to cash out this realty boom.

Accessibility of most top notch IT companies and BPO’s in the city is another vital arena that captivates people to buy a property in Gurgaon. A Gurgaon property is apt for both commercial and residential purpose. Apart from commercial real estate, now real estate consultants of Gurgaon are also luring residential buyers by functional features such as closed-circuit television, modular kitchens, earthquake protection system, internet connectivity attached with fully furnished homes. Thus, Gurgaon property is a life-time investment for buyer.

In the year of 2006, Indian government has given her consent to 100 percent foreign direct investment and. These enabled now even foreign residents maximize their profits through bidding for Indian real estate along with their local associates. For instance, many eminent foreign builders like Dubai-based Emmar Properties have shown keen interest in Indian real estate and have joined hands with Indian constructors for investment. Other major foreign players in Indian realty market includes Japan’s Kikken Sekkel, UK’s High Point Rendel , Cesma International and Lee Kim Tah Holdings from Singapore, etc. It is expected that all these foreign investors will exercise latest technology, management skills and regulation policy to make it big in Indian real estate market.