Indian real estate industry is going through golden phase when government is also putting lot of money in infrastructure and real estate projects. Narendra Modi led BJP government is working towards ensuring housing for all by 2022 and this has given one more reason for builders to glow. India being a developing country with growth rate averaging around 6-8 % a year, has led to many people moving from rural to urban cities in search for job.
Growing trend for single families and Double Income No Kids (DINK) couples have led to increasing in demand for housing not only in tier 1, tier 2 cities but also builders are launching projects in tier 3 and semi urban towns.
Growth in demand for housing creates market for the raw material like cement, hardware and housing brokering firms. Cement companies like have invested huge sums in launching greenfield projects to cater to increasing demand from housing sector.
Owning one’s house is a dream of every family in India and is one of the biggest investment a person makes in his lifetime. To help a person invests in right choice for him that suits his requirement and budget many real estate brokerage firms like Investors clinic, Finlace consulting, etc. have come up. To add to this internet firms like 99acres.com, indiaproperty.com, magicbricks.com, commonfloor.com and maakan.com are providing users to search their dream home at ease of click.
As of today many graduates working in rich sectors like IT, Banking, Consulting target to buy a home in their late 20’s or early 30’s. Taking a home loan from banks and Non-Banking Financial Corporations (NBFCs) help to make their dream come true. Banks like ICICI Bank, HDFC Home Loans, UCO Bank, SBI Bank, OBC Bank and NBFCs like India Bulls and LIC Housing are making strides to catch these young brigade.
Housing need had been one of the strongest in Indians and once starting earning well, it is one of foremost option one look at for their end user or for investment. So we request you to all to take care in selecting the right option for you and wish you all the best for your search for house in case you are looking any.