THE FUTURE OF REAL ESTATE

 

THE FUTURE OF REAL ESTATE

                               

           Real estate sector is one of the most globally recognized sectors ever. There are four different types of branches of the real estate sector which are Residential, Commercial, Hospitality and Retail sector.

          As we all know, growth of this sector is well established by the growth in the corporate environment and the most demanding for office space as well as urban and semi-urban accommodations. The construction industry ranks third among the 14 major sectors.

           The real estate sector is the second highest employment generator, after the agriculture sector. It is also expected that this sector will incur more non- resident Indian investment for both the short term and long term for sure. In India, Bangalore is expected to be the most favored property investment destination for NRIs, followed by the major metro cities in the country. Country’s real estate sector has witnessed high growth in recent times with a rise in demand for office, Agricultural lands as well as residential spaces.

            According to the data released by Real estate experts of the country, construction is the third largest sector in terms of FDI inflow. The Real Estate sector is the third largest sector in terms of FDI income. Whole FDI sector including construction and related real estate development stood at its highest ever recently.

            The Commercial as well as Residential sector is expected to grow significantly, with the central government aiming to build 20 million affordable houses in the urban areas across the country by 2022, Indian government issued lot of supportive schemes related to providing little accommodation facilities for needy citizens for example Pradhan Mantri Awas Yojana and so many more to support citizens of the country.

            By 2035, this real estate market will grow to more than Rs 50,000 crore in India. Also, Real estate sector is actually booming worldwide. To be with this growth period of the exact field and to consistently invest in this booming wealth creation sector you have to stay updated and stay invested to get appreciative and wealthy for the future because the real estate sector will eventually guarantee you to give you handsome return in future for sure.