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Real Estate
Riding piggyback on a booming economy and healthy
GDP growth, Indian real estate industry has been expanding at an
exponential rate. Favorable demographics, rising purchasing power,
availability of cheap finance, professionalism in real estate and
reforms initiated by the government are some of the major drivers of
this spectacular growth.
According to industry estimates, the real estate industry in India
has been growing at 33 per cent CAGR (compound annual growth rate)
and could be a $50 billion industry in the next four years. The
upturn straddles all the major sectors of the industry such as
commercial, residential, retail, industrial, hospitality and
healthcare.
The burgeoning outsourcing and IT/ITES industry have contributed to
the demand for quality office space. With most of the blue-chip MNCs
setting shop in the country, the estimated demand from IT/ITES
sector alone is expected to be 150 mn sq.ft. of space across the
major cities by 2010.
In the residential segment, availability of easy home finance and
rising purchasing power has driven the growth. Builders are
launching high-end, lifestyle residential products to cater to the
growing bunch of high net worth individuals. In residential sector
there is housing shortage of 19.4 million units out of which 6.7
million are in urban India.
In the retail segment, the country has experienced mushrooming of
retail projects across the cities. Specialised malls have become the
order of the day. Gurgaon, on the suburbs of New Delhi will soon
have an auto mall, while Bangalore is about to get an exclusive
furniture mall.
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Business
Process Outsourcing
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outsourcing organization or want to appoint a outsourcing
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