The Planning Commission of India defines ‘ Real estate’ as land, including the air
above it and the ground below it, and any buildings or structures on it. It is also referred to
as realty. It covers residential housing, commercial offices, trading spaces such as theatres,
hotels and restaurants, retail outlets, industrial buildings such as factories and government buildings.
MARKET OVERVIEW: DEVELOPMENT & SECTORS IN INDIA
Growth Drivers
* Growth in IT/ITES sector at 30% annually
* Significant growth in FDI Market Structure
* Dominated by a few large national developers with pan-India presence
* Regional players are expanding to achieve a Pan-India presence
* Shift in the type of operations from Sale Model to Lease & Maintain Model
Segmentation
* Commercial Space can be classified broadly into Grade A and B
* Business activity shifting from CBD to SBD and from Tier I to Tier II & III
Outlook
* Commercial market expected to grow at CAGR of 20-22% over the next 5 years
* IT/ITeS sector expected to require 250 million sq. ft of commercial office space by 2012-13
FOR FULL REPORT SUPPORTED WITH CHARTS AND FIGURES VISIT HERE FOR SURE
http://www.theequicom.com/reports_files/AN%20OUTLOOK%20ON%20INDIAN%20REALTY%20SECTOR.pdf
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