Service Areas

Real Estate

The real estate sector in India is growing at a rapid pace. Industry experts believe that Indian real estate has huge demand potential in almost every sector be it commercial, residential and retail. Growth in commercial office space requirement is led by the burgeoning outsourcing, increased commercial activities, boom in information technology (IT) industry. Researches show that by 2010, the IT sector alone is expected to require 150 million sq.ft. of space across major cities. It is estimated that in the residential sector there is a housing shortage of 19.4 million units out of which 6.7 million are in urban India. The increase in purchasing power and exposure to organised retail formats has redefined the consumption pattern. As a result, retail projects have been mushrooming across even B-grade cities. The retail market is expected to grow at around 35 per cent. Industry observers feel that this growth is facilitated by favourable demographics, increasing purchasing power, existence of customer-friendly banks and housing finance companies, professionalism in real estate and reforms initiated by the Government to attract global investors.