English
  • English
  • हिन्दी
  • বাংলা
  • తెలుగు
  • தமிழ்
  • ಕನ್ನಡ
  • मराठी
  • മലയാളം
  • ଓଡିଆ
  • ગુજરાતી
  • ਪੰਜਾਬੀ
  • অসমীয়া
  • اردو

$1.3 trillion housing boom for Indian Real Estate 

The recent reforms by the government in the real estate sector have helped it become more transparent and investor friendly in the past few months. The positive impact on reforms is being seen in the fundamentals of Indian realty. The sector has seen a number of reforms, which has doubled the funding in the sector. The reforms in Foreign Direct Investment (FDI) have improved inflows, touching a record $43 billion in FY17. According to a report by CLSA India, a $ 1.3 trillion housing boom is set to be the country’s next growth driver.

The CLSA report says the real estate sector is expected to add 60 million new houses during the six years beyond 2018, while also creating two million jobs annually.

The economy is moving upward and the growth in the housing sector alone should witness an increase in GDP by at least 1%. The Indian economy is set to grow at 7.5% to become the 4th largest ($ 3.5 trillion) economy in world by 2022. These factors are making Indian real estate the best investment option to go for.

More opportunities in smaller cities are coming up, which means that the demand and supply of good quality housing is going to see a rise in this space. A number of positive triggers are there in the market and the number of queries has gone up for all segments of houses. Sales are going up steadily and looking to move upwards and a lot of positive news is coming from smaller cities as big cities get congested. You can consider beautifully developed 4 bhk flats in Zirakpur, near Chandigarh as a great future investment in an upcoming area.

As per the World Investment Report prepared by UN in 2016, the FDI numbers for this sector are: FDI investment in real estate sector stands at $5.7 billion and private equity investment stands at $32 billion. These factors have led to a big boom in the Realty Index that has outperformed its peers to give great returns to the investors.

This is a YourStory community post, written by one of our readers.The images and content in this post belong to their respective owners. If you feel that any content posted here is a violation of your copyright, please write to us at mystory@yourstory.com and we will take it down. There has been no commercial exchange by YourStory for the publication of this article.

Related Stories