Residential Real Estate In India

The residential real estate is an important part of the Indian realty market. According to a report of Technical Group on Estimation of Housing Shortage, an estimated shortage of 26.53 million houses during the Eleventh Five Year Plan (2007-12) would be arising. Hence, the residential realty market is providing a big investment opportunity.

As mentioned in the report based on the study of Asia Pacific real estate and development trends conducted by PricewaterhouseCoopers (PwC) and Urban Land Institute (a global non-profit education and research institute), India is one of the top ranking destinations for real estate investment. Cities especially like Delhi and Mumbai scores high as prefered location for investment and property development.

Along with commercial, the residential sector is a promising market. Let us take a look at the following real estate projects that are lately coming up at various parts of the country.

Latest Residential Real Estate in India

Shristi Infrastructure Development Corporation would be investing US$ 444.7 million within the next three years to develop properties in cities of West Bengal, Tripura and Rajasthan. Projects including integrated townships, healthcare facilities, hospitality and sports facilities, retail malls, logistics hubs and commercial and residential complexes would be developed with the money.
A major developer of North India Ansal Properties & Infrastructure Ltd has planned to invest US$ 330.8 million over the next three years. The money would be invested for expanding the existing integrated townships as well as to build group housing projects in Haryana.

The famous Tata Housing is planning to launch 10 new residential projects. The projects would be coming up with affordable as well as premium housing. The group would be investing US$ 268.9 million along with its partners.

Vision India Real Estate, a business group held in US would be spending US$ 5 million in the upcoming project of Gem Group in Chennai. This is the first joint venture investment of the US company. In the coming three years, the company plans to invest about US$ 100 to US$ 200 million.

Another real estate giant Supertech is planning to invest US$ 880.5 million in order to develop 15 projects across North of India.

By: Aadi

Article Directory: http://www.articledashboard.com

iTrust is a leading personal finance portal in India providing excellent services in financial planning, real estate India, buying real estate properties in Gurgaon real estate