Boom in the Real Estate Market of India

Indian real estate market is witnessing a boom in the industry with observed exponential increase in the residential, commercial, retail, and recreational properties. All the projects are booming enormously, taking the market to new heights.m3m milano gurgaon

As per the industry research it is believed that at present the real estate market has crossed about 20 million dollar. Even institutes like Pricewaterhouse Coopers and Urban Land Institute has acknowledged that India is the leading real estate investment market in Asia. They have also registered a dramatic growth in the rate of investment that people across and even beyond the Indian boundaries are making in the real estate market of the country. In the whole pack, Delhi, Mumbai, and Bangalore are believed to be the top most priority of investors. These three metro cities have witnessed a real rapid growth as compared to other cities in the country.

There are many factors that have led to a sudden boom in the market. One key factor responsible for this is the increase in population level. Population is increasing rapidly in the country which is eventually building a strong platform for the construction of more and more residential as well as commercial projects. Apart from that a rapid growth of the software industry in India with more and more IT based companies venturing into the country has greatly contributed to the cause.

There are other factors as well like the accumulation of resource capital, liberalization policies taken by the government, increase in concept of nuclear families, and rise in the travel and tour industry of the country. In the modern era, many skilled youngsters are working in multinationals and international business firms through which enough capital is added to the resource. Then there are NRIs (Non-Reliable Indians) who are investing in the real estate market of the country that is also adding to the huge capital of the country.

Introduction of the Real Estate Investment Trust and the Real Estate Mutual Funds along with the categorization of the Special Economic Zones into real estate market has also given a boost. Overall, in all ways and aspects the real estate market in India is booming to new heights.

Luxurious Serviced Apartments in Real Estate Delhi NCR

In olden day’s visitors and travelers who had to spend their time for vacation, official or business purposes they prefer to stay in hotels previously. But now it was changed in last few years. Now those visitors or travelers are looking for the accommodation where they can feel homely environment and can enjoy their privacy. For those oncoming people there are many serviced apartments available for them with all the homely facilities and amenities.ireo gurgaon hills

While staying in a hotel is a common option by many people who are visiting Delhi and NCR but this has been changed a lot. Now as staying in a hotel became very expensive, is they need to stay for a long period of time more than a month. According to these particular point Serviced apartments in Delhi and NCR has became popular. Actually serviced apartments are the right choice for a temporary living for a long term and these serviced apartments are especially designed for temporary stays with a homely environment and food.

When accommodating employees on extended stay visits in Delhi serviced apartments are recognized as a cost effective alternative to hotels especially within the corporate sector. The main reason for serviced apartment’s attractiveness is that they stand for huge cost savings for companies and in some cases the cost reduction can be up to 40% of the actual accommodation cost.

A Serviced apartment gives a comfortable pleasant environment with fully furnished and equipped apartment with a convenient housekeeping service. This service may be available on a daily basis or weekly basis. When coming to the size serviced apartments are usually twice the size of a hotel room and will provide with a living space, separate bedroom and fully equipped kitchen. Also these serviced apartments may also have a broadband connection and satellite TV.

These all facilities will available on your budget basis that how much you are going to spend. So if you are planning to real estate Delhi and NCR for vacation, business or official purposes for a long period stay it is better option to stay in a serviced apartment rather than in a hotel.