Economics is
based on a basic relation between demand and supply; it is a well known fact
that when demand is more than the supply, the price of the commodity will have
an increasing graph. The present scenario of real estate market in India
is just the perfect example of this rule. The investment in the property
business has increased at an annual growth rate of 30 percent making these
properties even more costly. Over the last decade, it even touched the mark of
50 percent in many metropolitan and tier II cities of India.
Indian economy: A transformed and mightier rich power house
for domestic market
The thing called property has disappeared from
India or rather you can say that it has turned into a very rare commodity majorly
due to the boom in BPO and IT sectors that have been growing gradually at a constantly
high rate in all over India. These industries have given their employees a high
paying job and even higher visions. Due to this people have been made aware of
luxurious lifestyle which is a trend in the west. With money tinkling in their
pocket, they are considering huge investment in the Property in
India. They prefer the areas for investment which are full of modern
amenities like educational institutes, specialized hospitals, fun parks, modern
security facilities, swimming pool, delicious food courts, banks, studio
apartments and many more other life changing facilities. Moreover the
construction business is on the all time high and is still having a lot of scope
to grow due to the ever growing demands of the huge population.
