Sleeping time for Indian Real estate Industry.

Southern part of India has already shown its strength as far as IT industry is concerned. Bangalore is even termed as Silicon Valley of India. Many multinational companies have made Bangalore as their base in India. Due to the rapid advancement in the working population of Bangalore, Real estate market has also developed by leaps and bounds in the southern Indian market. It has grown in almost all segments like Residential and commercial segments. Various reputed builders, architects have already constructed some marvelous and magnificent buildings in Bangalore, Chennai and Hyderabad. Growth has also come as earning pockets have increased in the recent past along with the availability of housing loans. Many large hyper marts and malls have also come into existence due to large corporates like Bharti, Reliance, Aditya birla group’s entry into retailing. Amongst the entire segments residential segment is the one which has seen volumes of investment in last decade. Bangalore, Hyderabad, Chennai and Kerala are now also in race with its western counterparts like Pune, Mumbai and Ahmadabad. Some of the reputed projects by builders like Concorde group, Ozone group and Marg properties have already established their names due to their focused approach towards their customers. The Real estate market has got slowed down in recent past due to economic recession and falling prices of Indian rupee against the dollar. The cost of building material have gone up and that’s why the flat rates have also got increased while on the other hand Investment from foreign investors have declined and interest rates on home loans have also increased due to which the customers are not willing to shell out more.  But, it is matter of time, the rupee will get stabilize in some time and with more investment coming in future the real estate industry will definitely come back again with a bang. Even in this scenario Real estate is considered as the only single favored investment option which itself is a proof that love for Real estate and property is never going to die in an Indian customer be it South, North, East or West.