Macroeconomic factors influence a country’s economic outcome on national and regional level. Gross domestic product (GDP), employment rate, inflation rate, interest rate, Foreign Direct Investment (FDI), stock performance, government policies, and production cost are the major economic factors which affect economic growth. In India, the construction business in the real estate sector is the second largest in terms of employment generation. Read more »
After the demonetization, the deposits in bank accounts have increased rapidly. The amount of deposits in Uttar Pradesh has been one of the highest in India.
The real estate sector is one of the most dynamic and globally recognized sectors today, owing to a number of factors like population spurt and increased purchasing power of consumers. India is one of the biggest real estate market. It comprises of four subsectors namely housing, retail, hospitality and commercial. Growth of these sectors is highly dependent on the growth of the corporate environment and the demand for office space and residential projects (IBEF, 2016). However there has been a slowdown in the sector due to various internal and external factors. Read more »
Paytm a digital payment platform was launched in 2010 by One97 communication. It allows to transfer money into its integrated wallet by debit card, credit card and net banking. This wallet can be further used to make payments for recharge, bill payments and shopping (Unicorn 2016). In the last 6 years, it has evolved over and has become the first choice of the users among all the existing payment platforms in India. Read more »
In the past five years, there has been an undeniable slump in India’s real estate. This was due to reasons such as after-effects of the recession, inflation, inventory pile-up, etc. However the same has not been majorly felt in India’s two metropolitan cities, Mumbai and Pune. They are two of the most favourable destinations for real-estate in India for multinational companies foraying in the Indian market. Since they require retail or commercial space for setting up their presence in India, the demand for real estate in these cities has been lucrative.
The real estate sector is one of the most recognised sectors of India. It is the second largest employer in the country after agriculture. India’s skylines consists of housing, retail, commercial and hospitality establishments. Around 91 million people shifted in urban areas over the last decade. The 2011 census revealed that the number of towns in the country increased to 2774 from 2532 as compared to the previous year (Ministry of Urban Development 2015). This trend has continued and there is growth in housing demand in order to accommodate the rising population levels. The aim of this article is to present a brief overview of the real estate sector of India and its different growth phase, particularly during the last decade.
In the recent time the recession in the real estate sector has become one of the most interested topic among the researchers. According to market experts the bubble in the real estate sector has burst. The prices of the real estate has decreased rapidly. Similarly the gap between the supply and demand has increased significantly in recent times (KPMG, 2014). Read more »
For the past few years, there has been an air of pessimism in the market about the real estate sector. There are various reasons which has affected the growth of the sector negatively. The recent announcement of the Real Estate Regulator Bill (RERA) which was passed by the Indian Parliament in March 2016 has ushered a new era in the Indian property market. This bill lays the groundwork for a more accountable and transparent system in construction and buying and selling of properties. This also provides the much needed cheer and hope for both buyers and investors. Read more »