Friday, July 18, 2008

Reality Bites in Indian real estate

In recent times no other sector has generated the kind and amount of interest, nationally as well as internationally as the booming realty sector in India has. A surge in demand for 
Resident as well as commercial property has been seen the domestic realty sector record a “super” growth of over 3o% during the past couple of years – a rate hardly any other sector could rival. It is expected to growth at a robust rate of over 8% during the last two years. Countinued growth of I T and ITES industry, a happening retail sector, thrust on infrastructure development and special Economic Zone (SEZs), rising disposable incomes a change in the midest of traditional India middle class towards owning a house and last but not the last, a slew of reform measures that include 100% FDI in construction and serviced land development. No doubt they all have played a vital role in te revival of what was once almost a moribund sector. Against this backdeop, The analysted invited experts to share there perspectives on the sector and related issues.

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