The Booming Real Estate Industry of India

  The real estate sector in India is growing at a pace which shows no signs of slowing down. One of the fastest growing sectors not only in the Indian subcontinent but also in the world, the growth momentum in the real estate industry of India can be pinned down or attributed to a variety of interlinked factors. A large working population base coupled with higher income generation for the masses have ushered in this revolutionary growth process for the sector. Rapid and unhindered urbanisation which is also the fallout of the large population base earning higher incomes is also one of the reasons for this boom in this industry. Fast growth in the sector is attracting not only domestic real estate developers but also foreign estate developers to channel in a lot of investment funds into the sector. This influx of a steady channel of hot money into the nation is creating a bubble in the sector and the oligopolistic framework of the market is becoming more competitive by the day.

 The unorganised facade of the real estate industry of India has transformed completely in the past decade to become one of the most organised and dynamic sectors. The sector is now subdivided into four major categories namely housing, hospitality, commercial and retail.