Indian Real Estate Industry Year "2011"

The real estate sector is the one of the sector which affects Indian Economy drastically. As with the increasing population and urbanization the situation is changing day by day. According to government reports there is an estimated shortage of 26.53 million houses during the Eleventh Five Year Plan (2007-12) providing a big investment opportunity to the one associated with   Real Estate sector.

According to a report ‘Emerging trends in Real Estate in Asia Pacific 2011', released by PricewaterhouseCoopers (PwC) and Urban Land Institute (ULI), India is the most feasible investment destination in real estate. The report, which provides an stance on Asia-Pacific real estate investment and development trends, points out that India, in particular Western and Northern part of India are good real estate investment options for 2011. Residential properties maintain their growth momentum and hence are viewed as more promising than other sectors. 
To fulfill this current demand real estate companies are introducing different residential and commercial projects. Even the areas or cities being targeted are Tier-II and Tier-III cities. As if we look at the ongoing projects then we will find that the most of the big leaders of the field are working in regions of Jodhpur, Panipat, Agra, Mohali, Nasik , Jaipur and Baddi.The growth in these cities are basically due to increasing demand and affordable Land prices in comparison to Delhi, Mumbai or Kolkata. Also the resources are available at affordable prices.

According to the statistics released by the Department of Industrial Policy and Promotion (DIPP), housing and real estate sector including Cineplex, multiplex, integrated townships and commercial complexes etc, attracted a cumulative foreign direct investment (FDI) worth US$ 9,405 million from April 2000 to January 2011 in which the sector witnessed FDI amounting US$ 1,048 million during April-January 2010-11.