Real Estate in India
Posted by Buddy Sauter and Associates at 9/21/2010 7:53 PM 
Categories: uncategorized
Tags: Commercial Real Estate
Categories: uncategorized
Tags: Commercial Real Estate
From one of my colleagues in Bangalore, India...
Hello Buddy,
Hello Buddy,
With regards to your mail on my thoughts on real estate market in India I
did a little research 
to give you an account of the current situation.
to give you an account of the current situation.India has been one of the fastest growing economies in the past few years.
With an average GDP growth rate of 8 to 9 percent, the construction of
public and private infrastructure is in full flow. This has raised the
prices of land in almost all parts of the country.
The situation in big cities like Mumbai, Delhi, and Bangalore etc. is
particularly resilient (from a seller¹s point of view). Apart from the
economy, the population in the big cities is also increasing, hence putting
pressure on the infrastructure and creating scarcity of residential areas.
The solution to this problem has been found in sub-urban parts of such
cities.
Builders are constructing large apartment complexes with world class
facilities in these areas. There is huge demand for such apartments,
penthouses and bungalows and appears to be growing.
As far as the recession is concerned, then Indian real estate market was not
as much affected by it as other economies did. There was a plunge in demand
back in 2008, but the industry quickly recovered from it by the mid of 2009.
The present situation in the market is again showing growth. According to a
government report, there is a shortage of houses in urban areas, which
provides exceptional scope for investment.
I hope this information will prove to be helpful for you. Please let me know
if you need any further information on this subject.
Regards,
Divya
On 9/21/10 9:47 AM, "buddy@buddysauter.com" <buddy@buddysauter.com> wrote:
> Thanks. On a separate note, Could you write me an email giving your thoughts
> on India's real estate market. Just you thoughts on where it is and where it
> is headed and the effects of the recession (if any).
>
> Regards,
>
> Buddy Sauter
> buddy@buddysauter.com
> 727 421 3706
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