Ikobo

India has made a radical shift from a predominantly agrarian economy into one of the fastest industrializing economies in Asia.  While the developed countries took a long time for this change, India took such a short time and has now earned world wide fame as a IT (Information Technology) power house.  The investor’s confidence in this booming economy is partly due to the rise in foreign exchange reserves and also due to the huge investments being made by the leading multinationals of the world. The booming economy has led to a boom in the real estate sector as well.  The real estate market in India  is now growing by leaps and bounds with more players entering this profitable sector each year.  The demand for built up living and office spaces in India has always outstripped supply.  Analysts predict that this demand-supply mismatch is there to stay for a long time to come. In up market areas apartment blocks and office spaces are sold out in record time and mostly on first come first served basis.  Even before construction begins on projects in some key areas, the entire built up space on offer is literally sold out.  Increased urbanization is the main factor that has led to the booming real estate sector in India.  In almost all states in the Indian Union, certain cities and business localities has been able to attract much business and investments.  The real estate sectors in those cities are the most costliest in India today.  The real estate prices in some areas of Mumbai, the financial capital has now overtaken the cost of real estate for a particular area of land in the U.S and other European countries.   Post edited by moderator to remove link Please do not advertise or post your personal details, products or services on the message boards. Any advertising without permission will be removed.