Is India turning out to be a Gold Mine for Investors?

There have been a lot of speculations about the rising demand of real estate in India. Since the time the market has picked up pace, realtors from all over the country are betting their money on it. This proves that as soon as the real estate in India improved, people started investing money right away. Believed to be the second largest employer after agriculture, construction of new properties has started gaining traction over the past five years. What’s more interesting is that people have now actually realized the actual worth of any property that is available for sale.

Here’s a look at a few trends defining the augmentation of the real estate industry of India-

Most preferred location in Asia-Pacific

Competing with other countries can become a daunting task for the developers and India being at the centre stage of every development, needs to look out for new countries entering the real estate market. A part of the Asia-Pacific region, India constantly competes with the strong economies such as Southeast Asia, South Asia, etc. Somehow, even with this kind of aggressive competition in the industry, India has taken a top spot among all the locations. This is because of the fact that more than 50 percent of the investment in real estate took place in India and its different parts.

Improving economy

While many of us are unaware of the exact economical condition of the country, it is a fact that the real estate segment in India has grown by leaps and bounds. The industry is now contributing to the economic conditions of the country and with government schemes coming into action, there is no stopping the development. Talking about the Gross Domestic Product (GDP) of the country, the housing sector alone contributes about 6-7 percent of the total infrastructure.

The online marketplace

Buying property in India is actually becoming quite easier with the advent of new schemes and discount offers introduced by the modern-day developers. Moreover, the latest trend that has taken the industry by storm is the rising popularity of online marketplaces to buy any kind of property. There are numerous property websites in India that are not only helping realtors know the current trend but also making sure that buyers are investing in the right location. One such online destination is www.propchill.com, which is bringing out the best of what is trending in the real estate market.

Having said all this, it is safe to conclude that the realty sector of India is gaining more recognition than ever. Furthermore, after the recent introduction of Development Bill and Real Estate Regulation, there is an increased transparency in the sector. With the aforementioned developments, the demand for office as well as residential real estate is growing exponentially.

Rapid globalization is driving the current demands by fetching investors from different countries as well. As a result, with respect to this trend, developers have shifted their focus and started accepting some new and out of the box challenges in designing new property. Hence, needless to say, the realty market of India is driving the demand and supply as never before.