Being ranked as the one of the top three fastest growing areas of the Indian economy, the Indian property market sees new heights almost every day. Though this growth is seen as demand driven by many, government policies and Foreign Direct Investment also play major roles in this growth. Without the money coming in from foreign institutions and the generous policies of the Indian government which led to the recent boom in real estate, the Indian property market would still be in shambles.

This boom in the real estate market has started only recently, in the last ten years. This is mainly due to the growth in demand for both commercial as well as residential properties. This is mainly because of the nature of the Indian property market. It is almost wholly controlled by the end customers. Many reputed builders like the Lodha group, the Raheja Group and others invested in providing the best in class properties with every amenity that the human mind would desire.

Another reason for this tremendous growth is the change in real estate policy and the interest rate reductions which were brought about by the NDA government in the year 2001. When the government cut down the interest rates to a then phenomenal figure of 7.5%, the market literally went into overdrive. Demand saw an increase and so did supply. Many people thought of buying homes for themselves as well as an investment option.  Housing redevelopment schemes which were initiated by many builders was seen leading the sudden surge in the Indian Property Market.

Today, even the government invests in creating better real estate. With a growing number of slum rehabilitation schemes, the market is set to see double digit growth for at least the next twenty five years. Every few years the government announces new properties for sale through housing boards. And this adds to the investment prospects of the Indian property market.

Related posts:

1. Five Reasons to Invest in the Indian Property Market
2. An Overview of the Indian Property Market
3. Urban & Semi-Urban Indian Property Market

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