The real estate sector in India is on an upswing. In last 2 years, there has been an unparalleled growth where market has witnessed a 35 to 40 percent jump in capital values. Research estimates have it that the real estate market is expected to grow from the current $14 bn to a $50 bn by the end of 2018. Growth is not restricted to metros, even cities like Mohali, Chandigarh, Zirakpur, Chennai, Rudrapur, Haridwar, Meerut, Pune and Kolkata have seen a price rise of 30 to 50 percent in the last one year.
This double digit growth can be attributed to a number of positive macro and micro factors. The macro factors are driven by the spectacular economic growth resulting in growing incomes as well as low inflation and interest rates. The micro factors include growing aspiration levels, availability of better quality real estate and a far wider range of choice for the same.
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