The real estate industry is attracting lots of consumers by own huge quantum of investment in it. Meanwhile, it produced many investors and buyers with their commercial, residential and industrial projects. Here, i am going to discuss some important facts in India that would amaze you.
1- The real estate industry is second largest jobs producer after agriculture in India, and is estimated to grow 30% up to next decade. This is through commercial, industrial, education and residential. Amongst all these sector housing industry alone contributes about 5-6% of gross domestic products.
2- At present time, India is home of most expensive housing, Antilla- owned by Mukesh Ambani. It has cost of 1 billion dollar, and is tallest in the country, and is 27 storeys housing and can bear earthquake up to the impact of 8 on richter scale.
3- A home, located in Kochi, known as ginger-bread-house, floor is made of egg white, butter milk and jaggery. It look similar to black marble, but it is prepared by processed edible matter.
4- India has second number in households with having 148, 000, a large quantum and this number is just next to the China country.
5- The country has most expensive place as business market prospective. Connaught Place is come under Delhi NCR region, and is seventh most expensive prime office market region in the world. It is an annual trading pricing about 149.7 dollar per square feet.
6- India has biggest space residential colony in Asia which is situated in the state of Bihar at its capital Patna, named Kankarbagh, and it is spreaded over 900 acre-land region.
7- The real estate market is increasing rapidly with the day, it is expected to touch 180 billion dollar at the end of 2020. CAGR (Compound Annual Growth Rate) will increase up to the 11.2%.
1- The real estate industry is second largest jobs producer after agriculture in India, and is estimated to grow 30% up to next decade. This is through commercial, industrial, education and residential. Amongst all these sector housing industry alone contributes about 5-6% of gross domestic products.
2- At present time, India is home of most expensive housing, Antilla- owned by Mukesh Ambani. It has cost of 1 billion dollar, and is tallest in the country, and is 27 storeys housing and can bear earthquake up to the impact of 8 on richter scale.
3- A home, located in Kochi, known as ginger-bread-house, floor is made of egg white, butter milk and jaggery. It look similar to black marble, but it is prepared by processed edible matter.
4- India has second number in households with having 148, 000, a large quantum and this number is just next to the China country.
5- The country has most expensive place as business market prospective. Connaught Place is come under Delhi NCR region, and is seventh most expensive prime office market region in the world. It is an annual trading pricing about 149.7 dollar per square feet.
6- India has biggest space residential colony in Asia which is situated in the state of Bihar at its capital Patna, named Kankarbagh, and it is spreaded over 900 acre-land region.
7- The real estate market is increasing rapidly with the day, it is expected to touch 180 billion dollar at the end of 2020. CAGR (Compound Annual Growth Rate) will increase up to the 11.2%.
There are huge demand in the urban housing, and it is estimated to increase up to 4.2 million across the top eight cities of country such as Mumbai, delhi, Bangalore, Pune, Kochi, Chennai, Hyderabad, Kolkata and much more. Delhi is in top amongst all eight cities. Despite huge demand, 454, 000 homes remain unsold in the top eight cities. The reason could be either higher pricing or be not placing in a good location. But some developers have come with own investment like Hiranandani Fortune City by Hiranandani Developer, Godrej city Panvel by Godrej Properties, and Wadhwa Wise City by Wadhwa group etc.
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