REAL ESTATE IN INDIA (KANYAKUMARI)
The real estate sector in India assumed greater prominence
with the liberalisation of the economy, as the consequent
increase in business opportunities and labour migration led
to rising demand for commercial and housing space. At
present, the real estate and construction sectors are
playing a crucial role in the overall development of India’s core
infrastructure. The real estate industry’s growth is linked
to developments in the retail, hospitality and entertainment
(hotels, resorts, cinema theatres) industries, economic
services (hospitals, schools) and information
technology (IT)-
enabled services (like call centres) etc and vice
versa.
The Indian real estate sector has traditionally been
dominated by a number of small regional players with relatively low
levels of expertise and/or financial resources.
Historically, the sector has not benefited from institutional capital; instead,
it has traditionally tapped high net-worth individuals and
other informal sources of financing, which has led to low levels
of transparency. This scenario underwent a change with in
line with the sector’s growth, and as of today, the real estate
industry’s dynamics reflect consumers’ expectations of
higher quality with India’s increasing integration with the global
economy
----------V. ANIT EMERSON. B.E-----
Owner of ANIT PROMOTERS
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