Indian Real Estate - The Changing Scenario

Government of India has recently allowed 100% FDI for development of townships, including housing, commercial premises, hotels, resorts city and regional level infrastructure facilities such as roads and bridges, mass rapid transit systems and manufacture of building materials.

Real Estate sector is also considered as a great employment generator and could be instrumental in growth of cement, steel and other connected industries. A study reveals that for every one crore (10 million) rupees of investment in housing, nearly 290 industries in the building material sector get activated besides the core manufacturing sector constituting cement, steel and bricks. Therefore, investment in housing is capable of achieving a three-in-one solution of employment generation, economic development and human development.