The real estate segment in India is one of the most coveted sectors that no one can deny. The growth story of the real estate in India has been redoubling for last couple years at a prodigious rate. The nuclear family has been the story of the bygone days. The families have been moving to the different cities of India to lead an urban and sophisticated life. The rapid globalization and urbanization have facilitated the people in India to lead the life in the towns and cities.
The real estate sector is the 2nd largest employer after the agriculture segment. This most recognized sector has been divided into four parts such as retail, hospitality, commercial and housing. The development of the real estate has transformed the face of the corporate world and office space in India.
This sector also plays a pivotal role in the field of urban and semi-urban accommodation.
It is expected that this potential segment is likely to grow at 30% over the next 10 years. The Indian cities have been experiencing a plethora of NRI investments for both short and long-term. Bangalore, the IT capital of India is one the hottest cities which the NRI find as their cup of tea. Apart from this, Delhi, Chennai, Ahmedabad, Pune, Goa, and Dehradun are the hottest investment destination for the NRIs.
The initiative was taken by the government
During the last couple of years, the national government and state government have taken the multifarious initiative to inspire the augmentation in this lucrative sector. The current central government initiative is one of the most appreciable tasks to create 100 smart cities in India. The Clean India Mission and Smart city program have been developed keeping an eye on the modern world.
These phenomenal initiatives have been receiving a plethora of investment from all over the world in the field of housing, commercial, hospitality, and retail etc.
With the prodigious development in India, the following initiative by the government will further attract investment in the real estate industry in India.
- The Indian parliament has passed the bill for the Real Estate (Regulation and Development) Bill, 2013, that aims at the consumer’s security and this also ensures the efficient real estate transactions.
- The prime minister Narendra Modi has approved the bill ‘Housing for all by 2022” which is likely to attract investment from various segments.
- The current demonetization by the Indian government will open the door to the middle class and poor people to have their dream home.
Real estate investment in India
The rising demand for office space and housing by the people have witnessed the growth in investment during the last couple of years. Some of the top global investors are listed below.
- Fosun International Limited, a Chinese conglomerate is likely to invest 1 billion dollars in Indian property segment.
- Indiabulls Housing Finance has raised 1300 crores by dealing in Masala bonds to the foreign investor which will be partly invested in the affordable housing sector.
- NandanNilekani, the co-founder of Infosys Limited, has invested about US$ 25 million in a real estate sector in India.
There are ample of global leaders in this phenomenal segment those are eager to invest in this lucrative sector.
Of late, there have been many domestic and international trade fair and expo during the last couple of years. Such global events have taken place not only India but also across the world.
The Big 5 (Dubai) a global event conglomerate has an upcoming event in Dubai that is going to be held from 21st November 2016 to 24th November 2016.
The event on construction and real estate has seen pinnacles of success in 2015 organized by Big 5. More than 142 countries participated in the event making it an internationally acclaimed expo where more than 73,584 real estate professionals participated.
There are many Indian real estate conglomerates are going to participate in the upcoming Big 5 events. Some of the big guns are as follows.
Oswal Pumps Ltd
Oswal Pumps Ltd is one of the leading names in the field of manufacturing and exporting pumps and motors. Oswal Pumps Ltd is biggest submersible pump company in India that deals in Industrial, agriculture, and domestic range.
Asian Granito India Ltd
Asian Granito India Ltd is the first tile manufacturing company that deals in vitrified, ceramic, digital glazed floor for both domestic and industrial purposes. The company has a pivotal role in the real estate segment in India.
Apollo Pipes Limited
Apollo Pipes Limited is a popular name in the field of manufacturing of pipes. The PVC pipes, plumbing pipes, SWR pipes and fittings are most popular manufacturing works that have a great contribution to not only domestic but also commercial property segment.