eal Estate is a real panchkula in north India.
blessing to the economic
growth of any country. It According to the tenth five year
contributes about 30% to Indian plan, there is a gap of 30
GDP both directly and directly. million units between the demand
The last five years has shown a and supply of housing which is
great rise in the real estate quite a big gap and bridging this
business. Real Estate in places gap requires the investment of
like Chandigarh, panchkula, around 1,75,000 crore.There is
mohali has shown a tremendous huge dwelling requirement in
growth. Real estate has a direct urban as well as rural areas. It
linkage to various other is estimated 19 million homes are
industries like steel, wood, required in urban areas in India.
cement etc.The growth in real No doubt there is boom in real
estate means a simultaneous estate but the supply is still
growth in all these above not meeting the demand. Various
mentioned sectors which leads to reforms need to be done in real
the complete growth of the estate business like there is a
community which extends to the huge need in changing the
country as a whole. Real estate regulations relating to land,
also has indirect influence on validation, property taxes,
the other very important sectors validation of stamp duty
like travel and tourism, structure etc.The real estate
infrastructure, trade and industry needs to be made a
heritage of that area. Today big little disciplined. The
companies like wipro, infosys, environment needs to be created
IBM etc are expanding their to establish real estate a good
business round the globe and the investment option. Government is
favorite destination these days taking steps to reform the
in India is chandiagrh, mohali, industry but still needs a lot to
be done. Government has shown its growth in the industry. The real
remarkable contribution by estate industry needs to be more
reducing home loan to almost half transparent and organized which
in the past five years. is improved in the past few years
but it still needs little more.
Real estate no doubt has But this industry has a great
professional people but the potential and will grow many
number is very low which needs to folds in the coming years.
be increased to see significant
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