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Check out the background of real estate sector in India and the upcoming componies in this booming sector
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Real Estate sector in India And top companies in the market
Background of the real-estate sector • The real estate sector in India has come a long way by becoming one of the fastest growing sector in India. • The growth of the industry is attributed mainly to a large population base, rising income level and rapid urbanisation • The sector comprises of four main sectors viz housing, retail, hospitality and commercial. • The housing sector is the one which has a major share above other sub sectors in the real estate market.
Real Estate sector in India • The Indian real estate sector is one the most globally recognized sector • The real estate sector in India has transformed from being unorganized to a dynamic and organised sector over the past decade • Government policies have been instrumental on behalf of this sector because of direct relation with standard of living of people • In country it is the largest employer after agriculture and it is slated to grow at 30% over the next decade
Market divers in this industry • DLF LTD • UNITECH • Ansal API • Sobha Developers • Parsvnath Developers LTD
International players in the market • The MFAR group is the current top player among the rapidly growing real estate companies in India • MFAR is the subsidiary of Galfar, which is the top construction and contracting company of the middle-east • It is founded by Dr P Mohamed Ali and currently he is among the BOD of MFAR group • Among richest Indian in GCC, Dr P Mohamed Ali, has some futuristic plans that he wants to implement in India
Other key players … • Kolte-Patil Developers • HDIL • Skyline venture • Emami infrastructure • Satra Properties