A report by Jones Lang Lasalle highlights how Indian youth are pursuing real estate courses to enhance professionalism in the booming sector, underlining the industry's evolving demand for skilled talent.
The real estate industry is rapidly evolving, prompting investors to stay informed on trends in residential and commercial properties for optimal decision-making.
Experts believe that despite RBI's rate cuts, developers need to adjust prices to stimulate the sluggish residential market and address declining revenues.
India's office space absorption dropped 41% in the first three quarters of 2008 due to the global economic slowdown, impacting office rentals.
Asian property investment hit a record $121 billion in 2007, a 27% year-on-year increase, despite the global credit crunch.
The Indian real estate sector faces significant valuation declines, with firms trading at steep discounts to their net asset values amid global economic turmoil.