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Thankfully one more source has come forward from whom
revenue can be generated. This is the one which involves the real estate
industry. Buying and selling of lands and buildings have become the most
happening stuffs. Reportedly this is the one industry that has soared up by 30
percent. India real estate developers
have taken the larger bite out of it. Residential and commercial complexes have
wiped out open spaces so that urbanization is at the full fledged phase. These
were essential so that the living standards could be paced up. Wherever there
were residences there had to be the shopping malls and buildings of similar
kinds.
With following decades there were the inductions of
industrializations. To meet the mass volume of workforce construction sites
were chosen for residences. The leaders could not resist their temptation to
make best investment in
residential sectors. This was also quite obvious. The
larger sum of personnel had to make their stay in these houses. For odd jobs
and housekeeping staffs were required and they too needed shelter under the
roofs bounded by walls. Thus, there came the plethora of homes which could meet
the ever increasing demands of homes. Contractors, builders, engineers and
architects all worked in coherence so that the requirements could be sorted
out.
The zonal development authorities facilitated these event
driven programs. Upon finding fairer assessments from the governments and their
liberalized police even the NRIs were intrigued. They were invoked by the idea
of getting good yield on
investment to be made in this sector. Acts were amended
to make FDI regimes even more flexible so that the industry can take its stride.
With these mega construction projects were launched thereby contributing more
to the rising economy of the nation. Youths and unemployed were recruited to
accomplish these projects.
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