India - The Real Estate Player
In the new millennia of real estate, India has emerged as a strong, swift and bold player. Industry experts believe that the Indian real estate has huge demand potential in almost every sector, be it commercial, residential or retail. "India is the most exciting real estate market in Asia," says Michael Smith, head of Asian real estate investment banking at Goldman Sachs. "It's one of the last major countries in Asia with an improving market." The Real Estate explosion This spurt of growth in the Indian real estate is in large part due to by the burgeoning outsourcing and information technology (IT) industry. By 2010, the IT sector alone is expected to require 150 million sq.ft. Of space across major cities. New companies mean new offices, houses, shops in short commercial, residential and retail space. This growth is facilitated by favorable demographics, increasing purchasing power, the existence of customer-friendly banks and housing finance companie...