Acknowledged by big players

[Wiers69]

The booming real estate sector in India has helped several people make their fortunes out of it. Along with the latest mushrooming of malls and multiplexes across the country, traditional shopping areas and shops are also on the rise. The consumerist attitude of the Indian middle class has led to a phenomenal change to the real estate sector.

India Real Estate is doing very well and is likely to move up further because of the change in the policies of the Indian Government towards foreign investment in the country. With the recent announcements and decisions FDI up to 100% is permitted for development of integrated townships, including housing, commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit systems; and manufacture of building materials. Development of land and providing allied infrastructure will form an integral part of township’s development, for which necessary guidelines/norms relating to minimum capitalization, minimum land area, etc., will be notified separately by the Government. FDI in this sector would be permissible with prior Government approval. If you are wondering about where to invest your money in real estate then there are certain areas which still promise good returns. While developers bank on the viability of Tier II and Tier III cities, real estate experts feel that certain locations around the metros are definitely a good bet.