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What is the impact of spiraling real estate value in India's cities?

Increased inflow of Real Estate investments in India arising out of flexible FDI policies is sure to have a direct and positive impact on the real estate scenario of India. More and more of Non Resident Indians are interested in investing in India. More investments mean more job opportunities and more jobs means more workforces. This has created a huge demand and supply gap in housing in India. PricewaterhouseCoopers estimates that the urban housing sector in India will require investments worth US $ 25 billion over the next five-year period. This again has opened up opportunities for foreign investments in the realty sector. The size of the Indian real estate sector is estimated to be approximately $ 12 billion, growing at 30% per annum and is estimated to be close to $100 billion by end of the decade.

saravanan

Sun, 06/12/2009 - 05:57

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