Real Estate A Boom To Our Country

I started my career to work as a Real estate for a short span and I guess I was amazed by the growth and development in real estate. My work took me to greater heights and most happening places on the outskirts of India. Some of the companies around India are Benz, Renault etc. The telecommunication companies include Nokia, Motorola and several multinational brands. So this made real estate in India favorable places to do our business. Adding many multinational companies inside India made real estate boom. The best thing Is that many companies are coming with the concept of integrated township.

During the course of my marketing and selling of Real estate property, I have got many e-mails, telephonic calls from the peoples not only across the latitude and longitude of India but also from the foreign countries which includes America, Australia, and some of the European Countries too. Some peoples have visited and invested the money in my Real estate property without visiting the property of them.

At the time of interactions with property owners such as Investors, Developers, and bank personnel we work for the financing the customers. Indian real estate property investors have caused the prices at the top. But at early 2000s the real estate has boomed a lot the prices keep us on increasing and the investment and growth too. The Ideal move for investors is to hold on to their investment for 3-5 years before buying are selling the property. Bank also helps the buyers to finances within a week or two.

Since both financing companies and banks are involved in the real estate projects from the start to end there is no need to worry even when money goes down. Hence the end users also stand to profit by working with banks. All together it’s a win-win situation for all those who have involved in the real estate market - from the builders to the investors to the banks.The best thing is the market will only go upwards and now is the right time to invest the money on it.

Recap of Commercial Real Estate Property in India

Commercial property in India has found range in places like Hyderabad, Jaipur, Ahmedabad, Coimbatore, Chandigarh, Cochin, Goa, Mysore, and Trivandrum. It is the perfect chemistry of an ideal environment for setting up a hotel/retail business and small office for a reasonable pricing that as attracted people in droves here.

Indian real estate property has been growing consistently, even though with a few hiccups around the major locations in India. Many people are making the most of it by investing their money in guesthouses, villas, cottages small towns or buying up hotels and resorts.

People who are thinking to invest their property in Indian Real estate offers a wide range for buying/selling/renting there building, shops, showrooms and so on. India properties have the back up of emergent and sustainable wealth. India is marching towards a well-defined authoritarian and financing system in place.

An investor's fear is put to rest of peoples with greater possibilities of quick growth in the property rental sector in the next few years. Customer services companies of the BPO (Business process outsourcing) sector are occupying large commercial spaces. With regard to residential/commercial property in India, people are ready to pay huge amount as rent for metros, Tier I cities, apartments, flats and homes.

Residential as well as commercial Property in India has witnessed unique price growth in recent years. The expected office space is likely to be increase to more than 400 million sq ft. The State Governments of Rajasthan, Gujarat, Uttar Pradesh, Punjab and Kerala are showcasing, as it were, the idea of promoting Hyderabad, Chandigarh, Lucknow, Kochi as the next major business destinations in the country and enjoying the enthusiastic support of some NRIs.

Real Estate growth in the commercial division has been increased day by day even companies is seen to warm up to the idea of having their bases in Tier III cities with cost advantage purposes.

Setting up of malls, multiplexes, etc. at these places will be a greater business deal for Real Estate development.

Investment in Indian real estate property

Real Estate in India has huge impending in almost every field especially residential, commercial, hospitality etc. However the major growth in this development includes shopping malls, offices, retail stores and commercial complexes. This sector has favorable reforms initiated by the government to attract global investors.

Real estate investment in India as a major and long term goal for investment which provides a low liquidity to an investor. Investors can come across at renting out their property to bring reliability in revenue. This can reduce the EMI’s for a purchased property on a loan. According the survey conducted by ASSOCHAM  60 percent of working individuals consider this sector as a mode of long term investment.

There are many financial institutions and property sites in India which offers attractive loan and rate of interest to the builders. Some of the banks in India include HDFC, INDIAN BANK, ICICI and more which provide great funds for the sector development to the builders.l

NRI real estate business is also on the rise in India. Recession had minor force on this sector. This sector is opening up more and more investment opportunities for both foreign as well as domestic investors. This sector as high profitable scheme, as a profits of investors and has almost doubled or has derived 100 per cent profits in the residential piece. The major reason for this development is the policies taken by the Government of India.

Indian Government Reforms:

The Indian Government includes (RBI) reserve bank of India and (FEMA) Foreign Exchange Management Act has a liberal set of laws for the NRIs to make investment in real estate. India has become a most favorable destination for (FDI) foreign direct investment.

Tax Advantages:

People can benefit the vast tax benefits on investing in real estate:

• Tax exemption is available on re-investment of sale proceeds of property in suitable possibilities.
  
• Tax benefit is available on interest of housing loan raised in India.

Nowadays, Real Estate investment in India has become a revenue generating businesses.