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Indian Real Estate Scenario

Just after Agriculture, Real Estate stands second in terms of generating Employment in India. With huge boom expected in prices of Residential property in India, one has a good chance of buying Residential Flats in Ajmer Road Jaipur. You can visit http://www.wishempire.com/uma-aangan-mukundpura/ <br>

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Indian Real Estate Scenario

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  1. Indian Real Estate Scenario www.wishempire.com

  2. Full Potential of Tier 2 and Tier 3 Cities • India’s tier-II and III cities are on the verge of a major change • Barely 10 out of every 100 IT professionals currently emerge from these cities, and about 40% of the talent migrates to tier-I cities in search of better opportunities and career growth

  3. However, this scenario will change by 2020-22 as the Central Government’s flagship programmes like the Smart Cities mission, ‘Digital India’, ‘Skill India’, ‘Housing for all by 2022’ bear fruit • Moreover, more IT-friendly policies will see some of these cities pull rapidly ahead

  4. Facts on Real Estate • In India, Real Estate is the second largest employer after agriculture and is slated to grow at 30 per cent over the next decade • Real estate sector comprises four sub sectors - housing, retail, hospitality, and commercial

  5. The Indian real estate market is expected to touch US$ 180 billion by 2020 • The housing sector alone contributes 5-6 per cent to the country's Gross Domestic Product (GDP)

  6. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy • Organized retail sector growing 25-30 per cent annually 

  7. Entry of MNC retailers  • India's population below 30 years of age having exposure to   global retail are expected to drive demand for organized retail

  8. Steps for Real Estate • In August 2015, the Union Cabinet approved 100 Smart City Projects in India. • The Government has also raised FDI limits for townships and settlements development projects to 100 per cent.

  9. Real estate projects within the Special Economic Zone (SEZ) are also permitted 100 per cent FDI • The government has also released draft guidelines for investments by Real Estate Investment Trusts (REITs) in non-residential segment

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