The future of the Indian Realty market appears exceptionally bright. The following are key reasons contributing to the growth of Indian Realty:
Foreign Direct Investment (FDI)
The policies formulated by the government for Foreign Direct Investment have garnered significant interest from foreign investors in the Indian real estate market. India now holds the second position in the list of most preferred locations for real estate investment. In the fiscal year 2005-06, the FDI inflows tripled compared to those in 2004-05, rising from 2.38 billion USD to 7.96 billion USD.
Government Reforms
Another critical driver for the growth of the Indian real estate sector is the positive reforms enacted by the government. This sector's growth is evident as it stands as the largest employer after agriculture.
Education System
The education system also plays a pivotal role in influencing the realty sector. Estimates suggest that over the next 2 to 3 years, there will be approximately 2 million graduates who will generate demand for around 100 million sq ft of industrial space and office space.
Presence of Fortune 500 Companies
Lastly, the establishment of operations in India by globally renowned Fortune 500 companies, as well as other large corporations, will create substantial demand for corporate hubs.
These combined factors are set to usher in an era of unprecedented growth for the Indian Real Estate market. This growth will not only benefit local economies but also provide ample opportunities for both domestic and international investors.