The residential sector in India is witnessing a huge growth. Those who have entered this industry are making huge profits. There are many millionaires made by this industry. The new entrants in the property market are developing townships and colonies have office complexes, commercial spaces, hospitals, multiplexes all at one place.
The Indian government has also given the real estate industry many facilities. The policies of the government for the investors in all the sectors have facilitated this growth. The residential real estate consists of 75% of the total real estate. People are buying houses. The old trend of building the house at the time of retirement has changed. As soon as a person is settled the first thing he/ she does is to buy a flat.
As the salary in almost all sectors has improved and the interest rate has lowered, there is an improved level of activity on the part of retail investors in the residential sector, especially in the low to mid-end housing sector.
People in small towns and cities are building houses or flats as it has become easier to get housing loan. A two bedroom flat in a metropolitan will cost up to 30 lacs, but the same will cost up to 20 lacs in a small tier 3 town. In place like Mumbai the rate is still higher. Still there is no dearth of property developers or buyers.
Those who are shifting from small towns to metropolitan cities, the first thing they do is to save some money for margin money and then take a long-term loan and buy the property. The HRA they get is used to pay of the monthly installment. The upward moving young professional are buying one property and then, going to buy the second one.
The property developers are also concentrating on this segment as it is the most viable segment right now. You won’t find any space left anywhere, if there is scope for development of property, you will find it developed. The whole scenario is of the real estate has changed.

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.