India’s real estate market is on a high growth curve and is today one of the fastest growing market in the world. It is categorized into four sub-categories such as housing, retail, hospitality, and commercial. While housing projects contributes six-seven percent of India’s gross domestic product, the remaining three sub-categories are also increasing at a fast pace. The Indian real estate is an infrastructure services that is driving the economic growth of the country. The role of Government of India has been instrumental in the real estate development. There are many developer
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Mumbai Continues to be the Leader in Real Estate Market
Mumbai has always highlighted a positive trend in the realty segment. The article discusses about the latest realty trends in two locations, Borivali and Goregaon. There was a time when the real-estate sector in almost all over India, but cities like New Delhi, Kolkata, Mumbai and Pune witnessed some remarkable growth in terms of residential units in the year 2012. The leading real estate consultants Cushman & Wakefield conducted a study across eight cities, viz. Delhi & NCR, Ahmedabad, Bangalore, Hyderabad, Chennai, Mumbai, Pune and Kolkata. The residential units constructed in these cities displayed a decreasing trend by approximately 16%
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