The real estate sector is getting more and more organised with time. Few years back this sector was dominated mainly by small time players which were characterised by lack of organization. Most of the real estate development was undertaken by state government housing and infrastructure boards. But in recent years real estate has been opened to private players as well. This has caused the influx of big players who in turn have managed to mop up a considerable say in the sector.
Real estate is the largest class asset in the world and thus its objective should be to provide affordable housing. The increased transparency of the sector can lead to increased probability of foreign investment in the sector. These investors expect an annual yield of about 9 to 11 percent on their investment. This increased investment would act as a catalyst to the real estate sector and the development of the economy as a whole.
When we talk about Indian real estate sector we can say that it is relatively unorganised. Unlike real estate in most western nations such as US, UK, Australia, New Zealand etc., India lacks regulations and mandates for the sector and as such real estate transactions in the country are haphazard at best. As the investment in a property is a life time investment, it should be planned and structured. For this there is a need for developing a regulatory body at national, state as well as district level which can make laws for protecting the interests of the people (investors). This would definitely help in reaping the benefits of organised real estate sector. Demand for corporate space being more than supply, is more than an incentive for the sector in India to evolve. The future holds the best and the arrival of international players as well as organized domestic pioneers is all the adrenaline the sector needs.
Real estate is the largest class asset in the world and thus its objective should be to provide affordable housing. The increased transparency of the sector can lead to increased probability of foreign investment in the sector. These investors expect an annual yield of about 9 to 11 percent on their investment. This increased investment would act as a catalyst to the real estate sector and the development of the economy as a whole.
When we talk about Indian real estate sector we can say that it is relatively unorganised. Unlike real estate in most western nations such as US, UK, Australia, New Zealand etc., India lacks regulations and mandates for the sector and as such real estate transactions in the country are haphazard at best. As the investment in a property is a life time investment, it should be planned and structured. For this there is a need for developing a regulatory body at national, state as well as district level which can make laws for protecting the interests of the people (investors). This would definitely help in reaping the benefits of organised real estate sector. Demand for corporate space being more than supply, is more than an incentive for the sector in India to evolve. The future holds the best and the arrival of international players as well as organized domestic pioneers is all the adrenaline the sector needs.
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