India's real estate
India is one of the world’s fastest
economy and it will also offer Asia’s best investment in real estate sector in
coming years. Real estate in India is an integral part of growing economy.
A survey conducted by Urban Land
Institute has ranked Bengaluru and Mumbai as a top prospect in terms of both
investment and development. There has been a tremendous boom in Business
process outsourcing and IT firms that are driving demands for commercial and
residential property.
Due to good market drivers in IT/BPO
most of the home buyers find Bengaluru a perfect place to settle and retire.
The real estate demand in the city arises majority from the migrant population
looking for housing units. Residential sales in Bengaluru have seen stable 9-10
per cent growth over the last two years.
Experts say Bengaluru does not have a very high percentage of unsold inventory
compared to many other Indian cities.
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