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Main Reasons for the Increasing Price of the India’s Real Estate

Monday, March 18th, 2013

India is regarded as a hot spot for foreign investments, setting up ventures and coming to see the Incredible India for the foreign nations. India has become more attractive to these countries than any other nation in the world. Apart from these international reputation India also grew in respect of National Security, Telecom and Infrastructure and others.

All the good things for India started happening during this period. Nation witnessed a handsome foreign investment and activities. This not only helped India to grow faster but also to become a more self-dependent Nation. India with its vision, attracted foreign countries and companies to invest and set up their business through various pacts and deals. These deals automatically invented a fast rate of development of real estate and other sectors in India. There can be given many reasons behind the rise of the real estate property and prices.

In recent years, real estate development has been seen in every possible dimension even after the change of the previous Government. The prices of the real estate unites are rising day by day, if not day by day, we can say every fortnight. It has been a most common thought of a real estate investor that (if he is buying a real estate property in India) “is it the right time to buy this one?” Some people stay confused over buying a property and never even take a step forward. Some visionary and experienced real estate investors use their knowledge while getting a property deal and earn some really smart returns. Now, lets see what are the main reasons behind the India growth:

The growth of India’s population
India is the second most populated country in the world after China. It is being said that it will soon overtake the top position because of its very high birth rate. The main reason behind the India’s mammoth rate population is its high birth rate and lesser mortality rate. Yes, India is one of the places, where life expectancy has increased. These can be considered as the main reason behind India’s being second most crowded nation in the world. Now this giant population needs a home to live. If they want a place, others already have their places ready to sell them. Its a simple law of economics. If there is a demand, there will be a supply. And if this demand is being made by the 1.21 Crore people, rates will also increase along with the rising demand.

Increasing income of Indian work force
Government has implemented the 6th pay commission for the Governments employees. It gave the working class a freedom to buy. And if they’ll have more money, they are very much hopeful to buy and more hopeful to deal into a competitive price. These are just the two reasons behind the rising rates of real estate property in India market.