Engulfing the time of stagnation, the growth of Indian property industry has been phenomenal florence residences price , impelled by, developing market, conducive demographics and liberalized foreign direct investment plan. But this unceasing happening of property industry has begun to exhibit the symptoms of contraction.
What are the reasons of this kind of trend in this industry and what future path it takes? This report attempts to find answers to those questions…
Summary of Indian property industry
Since 2004-05 Indian fact industry has enormous growth. Holding a rise rate of, 35 percent the realty industry is estimated to be worth US$ 15 billion and expected to rise at the rate of 30 percent annually during the next ten years, bringing foreign investments worth US$ 30 billion, using lots of IT parks and residential townships being assembled across-India.
The term property covers residential home, commercial offices and trading spaces such as theatres, restaurants and resorts, retail outlets, industrial buildings such as factories and government buildings. Property entails buy sale and development of property, residential and commercial buildings. The actions of property industry embrace the hosing and building industry too.
The industry accounts for important source of employment creation in the nation, being the next biggest employer, alongside agriculture. The industry has forward and backward linkages with roughly 250 ancilary industries like brick, concrete,steel, construction material etc..