Indian Real Estate market had been badly hit by globla recession in recent times. As there are established economies like US, UK, Germany, Russia, France and others are also badly hit by the same.
Indian Real Estate market started recovering with the concept of Low Cost Housing. Indian Real Estate market assumes upcoming growth with this Low Cost Housing which will play a vital role in terms of capturing large portion of India Middle Class and Middle - Lower Class. If we look at the upcoming projects of various prime builders in Delhi/NCR and Mumbai, Chennai and other major cities which range from 12 Lakhs - 20 Lakhs. It surely attracts middle income group and middle lower income group.
In today's global Real Estate market scenario prime developers are focusing on Low Cost Housing. Developers find it tough to overlook the Tenth Five-Year-Plan, which says there is a shortage of 22.4 million dwelling units. Thus, over the next 10 to 15 years, 80 to 90 million housing dwelling units will have to be constructed with a majority of them catering to middle- and lower-income groups.
Source: http://www.100floors.com/propertySearch.php
No comments:
Post a Comment