With property boom spreading in all directions,
real estate in India is touching new heights. However,
the growth also depends on the policies adopted by the
government to facilitate investments mainly in the economic
and industrial sector. The new stand adopted by Indian
government regarding foreign direct investment (FDI)
policies has encouraged an increasing number of countries
to invest in Indian properties.
India has displaced US as the second-most favored destination
for FDI in the world. As the investment scenario in
India changes, India which has attracted more than three
times foreign investment at US$ 7.96 billion during
the first half of 2005-06 fiscal, as against US$ 2.38
billion during the corresponding period of 2004-05,
making India amongst the "dominant host countries"
for FDI in Asia and the Pacific (APAC).
The positive outlook of Indian government is the key
factor behind the sudden rise of the Indian real estate
sector - the second largest employer after agriculture
in India. This budding sector is today witnessing development
in all areas such as - residential, retail and commercial
in metros of India such as Mumbai, Delhi & NCR,
Kolkata, Chennai, Bangalore, Hyderabad, Ahmedabad, Pune,
Jaipur, Indore, etc. Easier access to bank loans and
higher earnings are some of the pivotal reasons behind
the sudden jump in Indian real estate.
Invest In Indian real estate?
Flying high on the wings of booming real estate, property
in India has become a dream for every potential investor
looking forward to dig profits. All are eyeing Indian
property market for a wide variety of reasons:
ever growing economy which is on a continuous rise with
8.1 percent increase witnessed in the last financial year.
The boom in economy increases purchasing power of its
people and creates demand for real estate sector.
is going to produce an estimated 2 million new graduates
from various Indian universities during this year, creating
demand for 100 million square feet of office and industrial
of a large number of Fortune 500 and other reputed companies
will attract more companies to initiate their operational
bases in India thus creating more demand for corporate
estate investments in India yield huge dividends. 70 percent
of foreign investors in India are making profits and another
12 percent are breaking even.
from IT, ITES and Business Process Outsourcing (BPO) India
has shown its expertise in sectors like auto-components,
chemicals, apparel, pharmaceuticals and jewellery where
it can match the best in the world. These positive attributes
of India is definitely going to attract more foreign investors
in the near future.
The relaxed FDI rules implemented by India last year has
invited more foreign investors and real estate in India
is seemingly the most lucrative ground at present. The
revised investor friendly policies allowed foreigners
to own property, and dropped the minimum size for housing
estates built with foreign capital to 25 acres (10 hectares)
from 100 acres (40 hectares). With this sudden change
in investment policies, the overseas firms can now put
up commercial buildings as long as the projects surpass
50,000 square meters (538,200 square feet) of floor space.
Indian real estate sector is on boom and this is the right
time to invest in property in India to reap the highest
Estate in Jaipur
popularly known as the 'Pink
City of India'
is the capital of Rajasthan. This royal city, even today
is considered to have the best-planned road infrastructure
among many places in India. However, the skyline of
Jaipur is also changing with times. And this is justified
with the co-existence of the majestic monuments of the
Raj and the most modern architectural galore of the
all other upcoming cities in India, Jaipur is also set
to make its own statement in the economic growth of
the region. As far as Jaipur real estate is concerned,
the scenario is looking quite upbeat. To help it achieve
its goal, the state government is taking initiatives
like strengthening infrastructure and promoting IT &
ITES policy in the city, considered the most comprehensive
way of redefining financial growth.
As Jaipur real estate gears up to present itself in
its new avatar, there has been a large influx of investments
in this sector. Its close proximity to Delhi and the
National Capital Region (NCR) - considered the epicenter
of growth is one of the credible factors for the corporate
sectors eying Jaipur as a possible hub in the face of
growing congestion in the metros. Apart from being a
promising infrastructural ground, the property prices
of Jaipur is comparatively lower than the adjacent metro
Jaipur's easy connectivity to the prominent Indian cities
and international destinations makes it a favorable
business destination. Proposal for a SEZ in Jaipur and
IT giants Wipro and Infosys showing interest for investing
in the city is a clear indication of the changing trends
in the city's economy. As IT and BPO industry continue
to flock into the city, there has also been an inflow
of large workforce, creating a dearth of residential
spaces in the city.
meet the rising demand for residential and commercial
retail spaces, there have been many initiatives from
developers all over the country. Prominent names like
those of Omaxe, Vatika, Parsvnath and Ansal have bid
for developing residential, retail and office spaces
in Jaipur thereby taking Jaipur real estate to unparallel
800-acre integrated Infotech city to be developed by
Vatika besides providing international style of living
also plans to develop a 50-acre IT Park with capacity
of accommodating approximately 50,000 IT professionals
and aided staff. There are also plans to develop a World
Trade Park in Jaipur city, which will have offices,
a convention center, retail outlets, a five-star hotel,
entertainment centers and computerized parking facilities
for 1,100 vehicles.
Jaipur as a real estate prospect is growing with leaps
and bounds. The realty graph in the city shows a capital
growth of 5 to 7 percent in the last one year. Moreover,
as the ratio of demand to supply is deficit, there has
been remarkable escalation in the property prices.
better infrastructure in connectivity with the 8-lane
expressway and international airport is also a major
contributor to the popularity of Jaipur as an investment
destination. Also the upcoming projects mushrooming
in and around the city have made Jaipur thrive on to
become one of the fastest growing cities in India.