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| Samraat Group - Nashik |
India has been growing in real estate sector considering the country to be the fastest growing economies of the world in the recent times. India is expected to be the 3rd largest economy by 2025 by the largest economy by 2050. If we look at the growth of the real estate industry in India, the Indian growth story would begin with the evolution in the real estate industry. To speak of the main pillars of the real estate, there are mainly four of them. They are:
- Residential Projects: This basically depends on the demographics of the location/city/country. A thorough study of the human population on the basis of various factors such as relationship between social, economic, cultural and biological factors. This statistical data helps us acquire information on the needs and demands of the people falling under various categories of economy stature. The demand for flats, villas, bungalows, independent houses, plots, etc. vary from group to group and family to family at a very basic level.
- Commercial Projects: The commercial projects mainly comprise of the infrastructure development and complexes for industrial set ups and establishments. These include the health care centers and hospitals, retail stores in the market and educational institutions in the city/area as defined under the research of demographics, etc.
- Government policies, laws and regulations: The government has a certain set of rules and regulations set for property purchase and ownership of the enterprise and assets in the country. The domestic laws and policies help the buyer to acquire the property with legal process and take possession of the same. The government policies regarding the Foreign Direct Investment (FDI) control the ownership in a business enterprise in one country by an entity based in another country. However, post liberalization, the real estate sector has seen impressive development due to the Multinational Entrepreneurism, dynamic local stock markets and strong economic growth.
- Business Outlook: This relates to the opportunities that are created while real estate sector progresses in the country. The career opportunities invite people to work and earn so as to sustain in the society and be eligible to invest or purchase properties. An increase in the demand of the residential apartments is a clear indication of increase in economic growth of the country with more and more people becoming capable of investing in property and buy pieces of real estate.
With increasing demand for flats, apartments and other residential complexes and townships, and also, commercial properties inclusive of industrial premises, real estate industry has become one of the most lucrative sectors for investment and employment opportunities.
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