INDIAN REAL ESTATE- A FAIRY TALE STORY
What best can go for any nation? Indians are getting their due diligence when it comes to better living standards and lifestyles as things are rapidly changing in the real estate sector. So many years, India was deprived of everything. Limited, obsolete, dyeing infrastructure was the feeling which people used to have as soon as they stepped out of their houses. Life was not more then a mere existence. Although, the situation was not as bad as in countries like Haiti, Somali, Congo, Myanmar and Afghanistan, but still there was not much substance to boast about.
What so ever the case may be, this new century has come up with newer, stronger, bigger and happening prospects for Indians and India as a nation. Today when we look at Indian economy and Indian businesses, numbers speak for itself.
Talking about Real Estate in particular, businesses are flourishing. Indian developers like DLF Universal, Ansal API, Nitesh Estates, K Raheja, Hiranandanis, Ansal API, Omaxe and Emaar MGF are reaching great heights. These heights are not only in terms of building sky scrapers but also creating opportunites for non buyers/non customers to think big and think beyond, in terms of possible careers and reverting/complementary earnings.
Earlier when the best (individuals) were flying abroad to serve the world class hosts (best companies), today, the hosts are coming in to open their offices and cater the best with world class employment opportunities and living standards by developing world-class townships, complexes, and other (mean) facilities.
One of the biggest example that circumvents India's RE growth story is Emaar. The UAE baseed construction giant had brought in USD 1.4 Billion of foreign investment to build new India. As per the ASSOCHAM estimates, India is planned to receive USD 30 billion of foreign investment by 2010 and Indian Real Estate market is expected to cross USD 85 billion by 2015.
I am sure, India is on the path to build the right opinion in the eyes of the world and its decision makers. After all, India was always the golden bird, so rich in life and resources. What say you?
1 comment:
yeah you are right Abhay the Emaar Mgf group is been doing really well . contributions by real estae developers like Emaar MGF and DLF has changed the pace of overall development. They have their plans of spreading their wings all across the country.Emaar's Palm Drive project is something which one should not miss out.
Emaar MGF presents Palm Drive , a community spread across 37.8 acres of land, designed for contemporary living in green sanctuary settings of Gurgaon, one of the commercial hubs of the National Capital Region. Prime Drive offers its buyer with sufficient options to choose between the convenience of stylish premium apartment living, or the opulence and freedom of a beautiful spacious villa and sky terraces. The Premium Terraces and The Sky Terraces are G +18 high rise towers with 3 & 4 BHK premium apartments. Do check out http://www.axiomestates.com for more info about the happenings in indian real estate.
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