There
are many factors responsible for the thrust of Indian real estate sector.
Liberal polices fed into the rising economy of the country, scope of business
opportunities and the labor migration paved the needs of commercial and housing
sites. Presently, it worth for USD 15 billion and is persistently growing at a
rate of 30% every year. Although there has been sinusoidal changes in its graph
but still it is worth for doing business with. This is because after
agriculture being as the largest source of income it lies in the second
ranking. Today it is meeting the needs of offices in lucknow, residential units, IT/ITES sectors and SEZs and manufacturing
units.
Commercialization
is at the peak. People are hereafter every bit of available lands. Everyone is
resorting to unfair means to acquire the immovable properties. Politicians,
builders, contractors along with engineers and architects have kept themselves
aligned to occupy one if there is available any. Luxury real estate India is soaring high in profitability
with the advent of these elements. To meet the work places with the gigantic
sized workforce residential flats and apartments are made to undergo
construction. The residents have gone very particular about their choices of
houses. Most of them prefer ultra luxuries and modern amenities with eco
friendly nature at the behest of their expenses.
Construction
sites are being chalked out meticulously with suggestive notes. It is urged
that like Singapore the government should get involved into the buildings so
that there doesn’t lie the scope of any mischief.
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