Wednesday 2 May 2012

ESTATE SECTOR IN INDIA


The real estate sector in in India is one of the most important element in attribution of country growth. India’s property market has been in a downturn. After nearly four years of a real estate boom, prices have dropped 20-40% since their peak, property sales have fallen over 50% year-on-year (y-o-y), and developers are burdened with many unsold and unfinished projects. As we are coming close to year 2010, house prices have softened, and will likely stay this way – at least until there is an economic turnaround, not expected before 2010.
On the other hand, Technical Group did a study recently on Estimation of Housing Shortage, an estimated shortage of 26.53 million houses during the Eleventh Five Year Plan (2007-12) provides a big investment opportunity. The study is based on the opinions of over 270 international real estate professionals, including investors, developers, property company representatives, lenders, brokers and consultants.

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