Luxurious real estate in India
The builders are buying land all over India. Big builders like DLF, Reliance, Parsvanath, Omaxe, and many more builders are buying land. They are doing so because they know that there is rise in property market is a seeing a steady growth. There are SEZ being developed to build industrial areas and big builders like Reliance are taking advantage of this fact. There is scope in cities like is Bangalore, Pune, Delhi, Chandigarh and Gurgaon.
The demand for land is more than the supply so it is sellers market. There is more demand for housing flats and apartments as well. There has been relaxation in the foreign investment for commercial development of projects. Property developers are buying the land in outskirts of cities for development for commercial use. There are many foreign companies who are opening business in India on their own or win partnership with Indian firms. Many times these companies also take Indian companies as subsidiary to their company.
There is demand of about 20 million units of housing. As the banks are providing finance at easy rates and rising income of young people has led to more demand in this sector. Banks are offering easy loans options as the interest rate are quite high. As compared to other countries the bank are offering loans at higher rate of interest.
The property market in small cities like Pune has also increased as there is growing IT sector there. Many luxury flats are available there. The flats are coming with swimming pools and other luxuries. The flats are being price at about Rs. One crore for small flats.
Aamby Valley in Lonavala is another hot destination for luxurious properties. It has properties in the range of three to four crores. It has its own airport. It is being projected as a retirement city in India.
The new housing scheme coming up in India is like a dream come true for every Indian. To get world class facilities and ambiance is no more a dream.