Volume : III, Issue : I, January - 2013

Progress of Real Estate Sector in India

Dr T. Koti Reddy

Abstract :

The real estate sector has been undergoing corporatization and professionalization and recognized as a key sector contributing to the economic development of the country.Global economic scenario, a slow down in the domestic economic conditions,escalation in input costs and controversies over land acquisition are the factors responsible for slow growth in this industry in the year 2011.The author opines that a relaxation in external commercial borrowing norms,new manufacturing and telecom policies would revive global investor confidence. The study concludes that Government of India’s recent decision to allow 51 per cent FDI in multi–and retail is also expected to benefit the real estate business in the country in terms of boosting development of new shopping malls.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr T. Koti Reddy Progress of Real Estate Sector in India Indian Journal of Applied Research, Vol.III, Issue.I January 2013

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