India is one of the most ancient and living civilizations in the world. It is the seventh-largest country by geographical area, the second most populous country, and the largest liberal democracy in the world. With the ushering of the economic liberalisation 1991, India has gradually opened up its markets through economic reforms which have now started yielding great results …

Here are some interesting facts about Indian Economy:

• A 9.2% GDP growth rate makes the Indian economy is among the fastest growing in the world
• It is the world's third largest as measured by purchasing power parity (PPP), with a GDP of US $4.042 trillion. & the twelfth largest when measured in USD exchange-rate terms
• If Goldman Sachs recent studies are to be believe, India could become the world's fifth largest economy within a decade. By 2050, India can emerge as the second largest economy in the world overtaking US & other developed economies
• The estimated population of 1.1 billion, is 2nd largest in the world. Almost 60% of Indians reside in rural areas, although in recent decades migration to larger cities has led to the exponential rise in the urban population.
• India has a very large labour force of about 509.3 million with a large pool of educated, English-speaking workers


Real-Estate

The recent years have seen the realty markets growing at a scorching pace. The recent opening of the sector coupled with the strong economic growth backed by the strong fundamentals of the economy has given a big boost to this sector. Today, the realty-sector has become a very hot sector with a lot of activities and developments happening at a scorching pace. The demand for the real estate has been skyrocketing for the past few months with property prices rising almost 20-40% in just one year and almost doubling in the last 18-24 months. The trend is universal in nature with the hike happening in metro as well as the non-metro, second-tier cities. Currently, the sector is growing at almost 30% CAGR and contributes significantly to the GDP. Most of the development, around 70%-80%, generally happens in the residential space and the rest in commercial space.

Key Demand Drivers: