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Real Estate/Construction

Just like other nations saw the developments in the real estate and construction industry, India followed suit. Initially, the foundation for this sector was laid by the Indian Government though later several private companies took interest and joined in with huge capital. Construction companies in India started coming up post independence with growth in mind and by investing huge capital and resource in the industry. With their involvement in this sector, Indian economy too got a boost with considerable raise in the past few years. This led to Indian Construction Company being a trusted sector to invest one’s money and expect it to grow with time.

The real estate and construction sector in India is on a growth path. The development in the real estate market encompasses growth in both commercial and residential spheres. Further, it has been estimated that there would be shortage of 26.53 million houses during the Eleventh Five Year Plan (2007-12), which provides a big investment opportunity, according to a report by the Technical Group on Estimation of Housing Shortage. The popularity of the Indian real estate sector is also highlighted by a report ‘Emerging trends in Real Estate in Asia Pacific 2011’ published by “Price Water house Coopers” and “Urban Land Institute”. The report focuses on various places where developers such as Ansal Properties and Omaxe are building commercial and residential developments. These places include Jodhpur, Agra, Punjab, Uttar Pradesh, Haryana, Madhya Pradesh, and Rajasthan among others.

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