Real Estate Market in India

The real estate sector in India has assumed growing importance with the liberalisation of the economy. The consequent increase in business opportunities and migration of the labour force has in turn, increased the demand for commercial and housing space, especially rental housing. Development in the real estate sector is being influenced by the development in the retail, hospitality and entertainment (e.g. Hotels, resorts, cinema theatres) industries, economic services (e.g. hospitals, schools) and information technologies (IT-enabled services, call centres etc.).

The Indian real estate market is still in its infancy, large unorganised and dominated by a large number of small players, with very few corporate or large players having national presence. The Indian real estate market, as compared to other more developed Asian and Western markets is characterised by smaller size, lower availability of good quality space and higher prices. Supply of urban land is largely controlled by