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The various real estate development in India include the construction of residential units, municipalities, commercial complexes, office buildings and shops and malls. The newest operator is the development of spaces that includes parks and integrated townships for the employees of the IT industry since the Park.
Real Estate Investment in india has proven to be the most profitable investment opportunity in recent years some. The real estate industry in India is at its zenith and is thereby attracting the maximum investment not just locally but also abroad. NRI investments have taken a new turn and India have entered the housing market.
Many indian banks and financial institutions like HDFC Property Fund, Dewan Housing Finance Limited-DHFL Venture Capital Fund, Kotak Mahindra Realty Fund, Kshitij Venture Capital Fund (a group company of Pantaloon Retail India Ltd.) and India Advantage Fund (ICICI) provide funds for real estate development for builders and developers to build these structures. These are the major institutional investors in the real estate sector in India.
The Government of India is also providing more funds liberalization for real estate developments throughout the country and more flexible economic policies. The various acts by the Government of India in this respect are:
- Indian Transfer Of Property Act
- Property Tax
- Indian Registration Act, 1908.
- Indian Urban Land (Ceiling And Regulation) Act, 1976
- Stamp Duty
- Rent Control Acts
- Foreign Exchange Regulation Act, 1973
In addition to the interest of the Government of India in the real estate sector mention other investments are demanding NRI Investments. NRI investment in real estate segment in India have increased significantly. NRI Special cities are being built by major builders Real Estate in and around the main cities of India such as Noida, Delhi, Gurgaon, Pune, Kolkata, Mumbai etc.
An important part of foreign direct investment (FDI) now goes into the Indian real estate sector. Steps have been taken to manage and promote more investment property in India. An Indian Real Estate Investment Trust (REIT) is being formed to facilitate the quick and easy liquidation of investments in the real estate market in India. The Indian real estate market is awash with initial public offering (IPO) with different real estate and infrastructure development groups. This is opening new avenues for investment in real estate in India. |
