What could be the reasons for this trend in the sector and what path it will take future? This article tries to find the answer to this question ...
Real estate India sector overview
Since 2004-05 big growth really India's private sector. Register
a growth rate of 35 percent estate worth 15 $ بیلیون United States
dollars and it is expected to grow at a rate of 30 percent annually in
the next decade, attracting foreign investment worth us $ بیلیون, with
the number of it parks and residential areas being built across India.
The
term includes residential real estate and business offices and trade
such as theatres, hotels, restaurants and retail shops and industrial
buildings like factories and Government buildings. Sale of real estate include the purchase of land for the building and construction of residential and non-residential. Embracing activities of the real estate sector in the private sector, and also the hose construction.
The sector is a major source of employment in the country, being the second largest employer, along with agriculture. This
sector has a relationship to the front and rear with around 250
ansilari industries such as cement, steel, bricks, building materials
etc.
Therefore
an increase in unit expenditure in this sector has multiplier effects,
the ability to generate income for up to five times.
Overall appearance
In the real estate sector, a major component of the housing stock is composed of 80 percent, and growing at a rate of 35%. The rest consists of a block of offices, shopping malls, hotels and hospitals.
O
housing units: with the economy of India rose at a rate of 9% with high
levels of income from the middle class, an increase in nuclear
families, and lower interest rates, the modern approach to the houses
and a change in the attitude of the young working class in terms of
keeping and selling to buy and pay has contributed to the growing demand
for housing.
The
cost of the previous House used to be a multiple of about 20 times the
buyer's annual income, while a few days less than 4, 5 times.
According
to the 11th five-year plan, the housing shortage in 2007 24.71 million
and will total housing needs during the period (2007-2012) 26.53
million. The estimated total funding conditions in the urban sector housing for the 11th five-year plan was Rs. 361318 crores.
Summary of Investment requirements of the eleventh plan in the following table
The investment requirements of the scenario
Housing shortage at the beginning of the eleventh plan period 147195.0
A
new addition to the place of residence during the period of 11th plan
including housing shortage during the period of the plan 214123.1
Total housing needs 361318.1 plan period
O
Office: rapid growth of India, at the same time as the effect of sweep
on request of commercial property to help meet the needs of the
business. The growth of commercial office space
requirements are driven by the booming outsourcing and information
technology industry, and the retail trade. For example, it is estimated that 150 million square feet in urban India by TI 2010 and mania alone. Similarly, the Organization of the retail industry is likely to require an additional 220 million square feet before 2010.
O shopping centers: for 10 years, urbanization has increased by an annual rate of 2% combined. With the growth of the service sector not only reached income for urban population but also become more aware of the brand. If we go by numbers India retail industry is estimated to be around US $ 350 billion and expected to double by 2015.
Thus
income levels rosning and change perceptions about branded goods will
lead to higher demand for space to shop, including strong growth
prospects in development activities.
Moltiblixis: the other driver in the growth of real estate sector growing demand for moltiblixis. Higher growth can be seen due to the following factors:
1.
moltiblixis consists of 250-400 seats per screen to 800-1000 single
screen theater seats, giving the owner an additional feature, which will
allow better use.
2.
Apart from this non-revenue flights, such as food, drink, and renting
extra space for the availability of surplus revenue to the developer.
O
Hotels Resorts: as mentioned above, the height of the boom in the real
estate sector a key because of rising income from the middle class. So with increasing revenue trend to spend part of their tours and Travel income is also rising, leading in turn to higher
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