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News & Views on Indian Real Estate

Monday, April 28, 2008

Indian Realty driving the tourism sector high..

India, no doubt, awaits a history to be rewritten. The Economy is firing on all cylinders, entertaining more global tourists and creating jobs faster than many other emerging economies as a whole, while leaving many employers struggling for qualified people to hire. Hundreds of top global brands are going to pack thousands of square meters of retail and office space. India is has suddenly become 'the happening' place to visit. Destination India odyssey would not have been possible had the realty revolution not happened in this part of the world. Howsoever majestic the charm of a place may be, travel and tourism can not grow unless there is a required infrastructure in place. Even though the realty sector has always been an unsung hero in attracting the tourist inflow, I must say that infrastructure and tourism complement each other. Critics, no doubt, are questioning sharp run-up in prices and sustainability of the rise. And as any single market emerges as a favorite - stocks, bonds, real estate, precious metals or whatever - there is often a tendency to overdo it. In the initial phases of overvaluation, we begin to suspect it.As the stock market performance has remained tepid, investors have turned to real estate and bonds as places to put their money in. Buying bonds helps keep longer term interest rates. That reinforces demand for real estate and also contributes to rising home prices. An emerging debate at the national level concerns whether a speculative bubble is forming in the national real estate market. In my opinion, the analysts are getting unnecessarily worried.

Vikas Bamotra said...

At the heart of the boom in India is its real estate, which unlike Communist China`s, is privately owned. Real Estate prices in India have been growing at a rate of 30-40% for the last few years. Investment banks and Hedge Funds around the world have been investing more and more in the Indian Real estate, driving the prices higher. As per the Associated Chambers of Commerce and Industry of India (Assocham), the Indian realty sector is likely to see high growth rates in 2008. DLF, one of India`s premier Real Estate Development companies recently sold 49 % stake in its seven townships to Merrill Lynch and Brahma Investments to raise Four hundred twenty million dollar.

' said...

ya its true that indian realty driving the tourism sector high,they are doing extremely good work in real estate ,the real estate companies.

Anonymous said...

That's true because after the development in the Real estate sector the Foreigners are showing their interest to invest in the indian real estate level.

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