In the last two years probably the four words that have made the most frequent headlines in news articles and magazines has been the “Indian Real Estate Boom”. The Indian Real Estate industry is on a roll be it in the country or outside. The sector has witnessed immense growth in the past couple of years. The phenomenal increase in the Real Estate demand and access to funds were the key drivers for propelling the Indian real estate market into an overdrive.India has attracted $3 billion worth of real estate stated by government official report of March 2007. This booming India real estate market is currently more expected to contribute for concerning $30 billion in the upcoming years. When evaluated to last year, real estate 2007 has gone doubled.In the league of the most preferred property market among foreign investors globally, US has retained its top position, while China was ranked second followed by India.Going forward, we expect the Indian real estate market to witness greater M&A activity driven by consolidation and the growing maturity of the market.
|