Over the last four to five years, Indian Realty Market has witnessed immense growth.
From infrastructure development to residential complex, commercial real estate to retail space development India property market has been booming on all fronts. These trends of growth and modernization are set to continue and forecasted to grow from US$12 billion in 2005 to US$90 billion by 2015.
Robust economic growth coupled with the government approval of 100 per cent FDI, new avenues for investment, strong growth of the services sector, powered by the IT and ITES industry, increasing scale of operations by the corporates, rising income levels, improved access to housing finance, change in population demographics & customer/corporate preference etc. have been some of the principle drivers of the growing Indian Real Estate Industry.