Real estate has grown with a pace. We have seen many builders making Apartments,
Buildings .malls. We have seen these constructions not only in Metropolitan cities
but also in other cities like Indore, Pune, Bangalore, and Jaipur to name a few.
But now we are facing some new challenges and opportunities.
Real estate is facing boom. One of the reason for it is rise in Private sectors banks giving home Loans. With the growth in GDP, demand for Industrial/Commercial or residential real estate has increased.
Secondly, there have been lots of demographic factors responsible for that. People from small towns and cities have started moving towards Big cities as you find every facility in these big cities .Be it education, Jobs, Standard of Living etc. There is continuous rise on the Population of India. It is estimated that by 2030, India’s population will be approximately 1.5 billion. We would be near to China. Naturally working population will increase which would give rise to personal savings and more Investments and ultimately boosting the Real estate sector.
Urbanization is also one of the important factors for rise in Real estate. According to the estimates urban population of India will grow at a rate of 2.5% per annum for the next Two and a half decades, doubling it to 600 million by 2030. 41% of the total population is living in urban areas thus triggering in the demand of Real estate. Government is also supporting Real estate by ensuring easy projects financing, increased fiscal incentives to developers and simplified government procedures and policies. The Indian market is now a great hotspot for foreigners also. Reason behind is that new laws have been enacted. So foreign real estate firms are rushing towards India.
Now let us discuss about the Challenges that we will have to face in Real Estate. There are number of Obstacles to invest in Real estate. Sometimes it is very difficult to get qualified for mortgage loans. This problem persists mainly with self-employed people. They are not able to qualify for loans.
Next challenge that Real estate is facing ups and down in other segments such as ITES/IT. Reason is that real estate is dependent on the performance of these sectors. Any unforeseen downturn in the business prospect of IT/ITES industry would have a significant impact on the vacancy levels of the upcoming commercial office space stock in the country. While in the residential segment, as per the updates from the Planning Commission report there is a shortage of approximately 9 million units; and this deficit, would escalate to around 22 million units by 2007/08, and upto 10 million units by 2030 as per the Asian Development Bank . In India choices of people vary from one location to other .So the most deterring challenge will be the product differentiation and correct understanding of the product.
One of the challenges that real estate may face can be the delay in further relaxation for FDI in the sector.
Imperia Structures Ltd is on of the leading real estate developer in Delhi NCR. if you have any Imperia Structures Ltd Complaints or Imperia Complaints or Imperia structures Complaints contact us.
But now we are facing some new challenges and opportunities.
Real estate is facing boom. One of the reason for it is rise in Private sectors banks giving home Loans. With the growth in GDP, demand for Industrial/Commercial or residential real estate has increased.
Secondly, there have been lots of demographic factors responsible for that. People from small towns and cities have started moving towards Big cities as you find every facility in these big cities .Be it education, Jobs, Standard of Living etc. There is continuous rise on the Population of India. It is estimated that by 2030, India’s population will be approximately 1.5 billion. We would be near to China. Naturally working population will increase which would give rise to personal savings and more Investments and ultimately boosting the Real estate sector.
Urbanization is also one of the important factors for rise in Real estate. According to the estimates urban population of India will grow at a rate of 2.5% per annum for the next Two and a half decades, doubling it to 600 million by 2030. 41% of the total population is living in urban areas thus triggering in the demand of Real estate. Government is also supporting Real estate by ensuring easy projects financing, increased fiscal incentives to developers and simplified government procedures and policies. The Indian market is now a great hotspot for foreigners also. Reason behind is that new laws have been enacted. So foreign real estate firms are rushing towards India.
Now let us discuss about the Challenges that we will have to face in Real Estate. There are number of Obstacles to invest in Real estate. Sometimes it is very difficult to get qualified for mortgage loans. This problem persists mainly with self-employed people. They are not able to qualify for loans.
Next challenge that Real estate is facing ups and down in other segments such as ITES/IT. Reason is that real estate is dependent on the performance of these sectors. Any unforeseen downturn in the business prospect of IT/ITES industry would have a significant impact on the vacancy levels of the upcoming commercial office space stock in the country. While in the residential segment, as per the updates from the Planning Commission report there is a shortage of approximately 9 million units; and this deficit, would escalate to around 22 million units by 2007/08, and upto 10 million units by 2030 as per the Asian Development Bank . In India choices of people vary from one location to other .So the most deterring challenge will be the product differentiation and correct understanding of the product.
One of the challenges that real estate may face can be the delay in further relaxation for FDI in the sector.
Imperia Structures Ltd is on of the leading real estate developer in Delhi NCR. if you have any Imperia Structures Ltd Complaints or Imperia Complaints or Imperia structures Complaints contact us.
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