Indian Real Estate: Trends, Challenges and Prospects

The real estate sector in India is presently worth USD15 billion and it is growing at a phenomenal rate of 30% per year. This sector is the second largest employer in India, after the agricultural sector. Having attained maturity, the real estate sector is attracting huge investments, especially FDI. Today, real estate in India addresses the demand for built-up space, from a variety of property segments such as offices, residential units, shopping malls, hospitality industry, manufacturing sector and logistics parks, to name a few. The real estate sector is also active in the establishment of SEZs and the building of townships; it is spreading to the smaller cities and underpins their growth. The concept of "green" buildings is being adopted by the sector, testifying to a significant emphasis on sustainability considerations. Infrastructure developments closely parallel real estate developments. This book presents the reader a panoramic view of the operations of Indian real estate sector in various property segments, the challenges faced by the sector and its prospects. The contents of the book are based on research reports and other eminent published sources. The book will be useful to a cross-section of readers, more particularly so to those associated with the real estate sector.