Jenny Wolfes San Jose - Growth Drivers For Real Estate Sector

1. Jenny Wolfes San Jose - Growth Drivers For Real Estate Sector Losses of industry players were capped by the timely intervention of RBI, which increased the interest rate since 2006. The sector continues to remain unsteady. However, driven by the global economic recovery and macro-economic and sector specific factors, experts believe that capital will start flowing in this sector. Real Estate sector plays an imperative role in economy’s growth as many professionals like Jenny Wolfes San Jose also prefers this industry as an continuous productive industry. Besides global economic recovery, the following are the indicators of this sector’s growth in the near future. Industry experts estimate that by 2010, Indian IT and ITES sector will need approximately 150 million square feet of official space. Growth in organized retail sector will provide significant boost to commercial real estate sector, which is expected to demand 220 million sq ft of additional commercial space across tier-1 and tier-2 cites. According to the tenth five year plan of the government, there is a shortage of approximately 22 million residential units and over the medium and long term around 90 million dwelling units will have to be construed especially for middle and lower income families. Housing development and infrastructure LTD and MMRDA, together plan to build a residential-cum-commercial complex in virar, a suburb of mumbai at a cost of around $1.49 billion.

2. Introduction of REMFs and REITs will definitely have a major impact on realty sector by helping players for price determination. The following section has some of the new projects expected to be undertaken by private realty developer. 1.Tata housing development company is expected to build around 1300 low cost residential units at Boisar, 100km for mumbai. 2.Atlas group plans to diversify into Indian real estate sector and invest $201.51 million in kerala over the next years. 3.Tata realty and infrastructure will invest approximately $4.2 billion for building SEZs, road and other core sector projects. 4.All major realty players including DLF, Unitech and HDIL have big housing projects lined up for marked down properties. 5.Avinash bhosale group will invest $126.25 million across pune, nagpur andm Mumbai for developing 5-star hotels. 6.Marriott international plans to open 24 new properties in India over the next three years. 7.Cinepolis, a Mexican global multiplex operator plans to invest around $357.7 million in India and open 500 movie screens in the next 7 years for its film exhibition business. Hope you understood and consider real estate industry as a grown agent for a country. Real estate industry is huge as many experts like Jenny Wolfes San Jose prefers to be an active member in a real estate industry to invest money at the right time in order to get profit. Your project should be beneficial in economic as well as social way in order to get success.