The Indian real estate and properties play a vital role in the economy of the country. It has immense contribution to GDP and is considered to be the second largest generation of employment after agriculture. India has become a preferred investment destination pertaining to the country economic stability.
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Metros like Bangalore; Delhi has become an attractive destination for IT and ITeS companies owing to its well-planned infrastructure, availability of land, quality human resource base, and favorable policies. Meanwhile, international technology giants like IBM, Dell, TCS, Wipro and Infosys have already set up their huge facilities in the city. This positively creates a positive impact on the real estate market for properties in Bangalore.
The banks (PSUs/Private) are also trying to create a symbiosis in this booming business by slashing down the interest rates and offering plenty of offers to its real estate customers and mainly during the festive occasions.
Real estate is attracting more investors, many of them from abroad with the tech boom spreading across the country and more and more Indians are in a spree to buy homes.
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Nowadays, property investment is considered to be one of the best businesses and real estate agency in India is the perfect platform for that. The commercial real estate business has reached its peak due to various factors which are as follows:-
Retail Sector: – With the increase in mass consumption, a paradigm shift in the consumption of luxurious goods and purchasing power corporate houses have traded into retail in a big way. National players like Birlas, Tatas and now Reliance have also come up with retail stores like Reliance Fresh, Reliance Trends and Reliance Footwear. This explains the mushrooming retail projects and shopping malls.
Entertainment: – The need for entertainment, fun and leisure has transformed the urban architecture with multiplexes, hotels and a commercial real estate India boom.
Job prospect: – With the boom not only there have been better prospects of job capital investments but also cheap labor which have been a major constraint throughout.
India has displaced U.S as the second most suitable FDI destination in the world. The positive view of Indian government is the key factor behind the unexceptional rise of the Indian real estate market.
The Indian economy and particularly the IT and the BPO sectors in Bangalore have been growing at an immensely fast pace and so is the price of the properties in Bangalore. These industries provide high paying jobs to its employees, which is a motivation for the employees to enter these fields. People are also well aware of the luxurious lifestyles of the people living in the West. However, the construction business is at an all time high, still it fails to meet the ever growing demands of the large population.
India has upgraded the benchmark in investment scene as far as properties in Bangalore is concerned. The country has immense scope of building infrastructure and multiplying its returns on investment. The yield on commercial real estate in India have been larger than global real estate which makes this country such a popular destination in terms of real estate investment.