The sector is holding the market size of $12 billion real estate and is likely to grow by 30 per cent each year. With the economy growing at a rapid pace ? the rate is about 8 per cent ? there is a surge in the demand for quality residential properties in India.
Real estate in India will grow to $90 billion in 10 years. There is no other productive avenue for investing money than property investments in India. The prospects of the pouring money in India properties have encouraged Non Indian Residents (NRIs).
The Reserve Bank of India (RBI) has relaxed the rules further for NRIs to invest in Indian property market. The authority has taken the move for NRIs with respect to repatriation of FDI on real estate investments. In addition to this, India offers 10 to 12 per cent returns, perhaps the highest in the world.
Also, the rental property in India is making new high and is believed to be the best as far as the capital value of the property is concerned. Investment in commercial property in India, where the returns are 10 to 15 per cent, is a proven option.
Taking a look at the excellent opportunities being offered by Indian property market, investing large amount here is certainly worth the idea. All these features make the market hot among investors.
More ostensibly, the sector offers the right impetus to the real estate enthusiasts and industry professionals.