One Call Does It All
In India the real estate sector comes second in terms of employment generation, the first being agriculture industry and it contributes almost 5% of the country's GDP. Majority of the real estate developed in India (almost 80%) is residential space with the rest being offices, malls, hotels and hospitals. India leads the pack of top real estate investment markets in Asia for 2010, according to a study by PricewaterhouseCoopers (PwC) and Urban Land Institute. Foreign direct investment (FDI) into India in the real estate sector for the fiscal year 2008-09 has been US$ 12.62 billion approximately.
The Indian economy has transformed substantively over the last two decades, growing consistently at an average of 8% and is poised to take its place among the leading economies in the years to come. Strong performance of the economy can be particularly attributed to healthy growth in manufacturing and service sector. The economic performance of India has provided strong impetus to the real estate sector, which has been witnessing heightened activity in the recent years.