The Indian real estate sector is one of the fastest growing markets
in the world which is expected to touch US$ 180 billion by 2020 in terms
of market size. The compounded annual growth rate (CAGR) of Indian
realty market for the period 2010 to 2014 is expected as high as 19
percent and 40 percent for Tier I metropolitan cities. Investment by
private equity (PE) funds in the real estate sector from January-March
2014 was approximately Rs 28 billion (US$ 465.19 million). This is a
substantial increase of 28 per cent compared to the previous quarter and
close to 2.5 times the investments during January-March 2013. Real Estate News
The BJP led NDA government at centre under the leadership of prime
minister Modi has been instrumental in the development of the sector and
taking the historic decision to establish REIT. Furthermore, this new
government is trying to form tax and investment friendly policies for
buyers, developers and investors and for the overall development of the
market, that's why experts are foreseeing a promising market in the near
future. Real Estate Agency
"The net office space absorption across in Delhi-NCR, Mumbai,
Bengaluru, Chennai, Hyderabad, Pune, Kolkata and Ahmedabad was up by 58
per cent during the first quarter of 2014 as compared to the
corresponding quarter of the previous year. The number of new launches
in the same period has increased by 43 per cent at 55,000 units across
eight major cities, according to a report by Cushman & Wakefield.
With the emergent growth of service sector there is a great demand for
office space too. New supply of retail space in shopping malls in
India's top seven cities is expected to more than double in 2014.
According to a report by Jones Lang LaSalle, The mall stock across
India's metropolitan cities is almost 87.7 million sq ft by the end of
the year.
