Real estate stocks growing in urban population

There are many factors that have contributed to the growth of the economy and one of the most important and integral part of growth is Urbanization. Cities are employment generators and most significant investors which carry the momentum of growth forward in the fast growing economies. Any city’s sustainability is largely dependent on quality of real estate stocks and infrastructure. To create urban asset stocks large sum of money is required by the cities, it includes infrastructure and buildings. The urban population has grown almost double the rate of overall India’s population in last few decades. The urban population has increased by 3.5 per cent in in past few years. The most surprising element is real estate stock in towns and cities. A growth rate of 4.5 per cent per annum has been recorded in urban population. Adequate support from infrastructure is required for this massive growth. Most of the development in real estate stock is contributed by the private sector but the responsibility for development in infrastructure is largely dependent on public sector entities and other government agencies. The public sector invests in infrastructure development on a very large scale while on the other hand private sector invests in real estate stock development.