| tate market in India has witnessed multi-level growth in | | | | Almost 90 percent of real estate developed is |
| the past few years. As per the industry, the upward | | | | residential space and the rest include office, hotels |
| graph has no chance of reaching down or even no | | | | shopping malls and hospitals. This type of double-digit is |
| chance of coming flat for next few years. Lots of | | | | primarily attributed to the off-shoring and outsourcing |
| activities that include residential complex development, | | | | businesses, such as high-end technology consultation, |
| commercial real estate development, retail space | | | | call centers and programming houses. |
| development, etc have driven the Indian real estate | | | | The demand from the IT sector surely has changed |
| market. | | | | the urban landscape in India. According to estimates, |
| Apart from metropolitan cities, property prices of small | | | | there is a demand for nearly 70 million square feet of |
| cities in India are rising fast. Owing to tech boom | | | | IT & ITES space over the next four or five years. |
| across the country, property in Indian is attracting more | | | | Many multinational companies continue to move their |
| investors, most of them from abroad. As per the | | | | organizational operations to India to take benefit of less |
| sources of real estate industry, Indian real estate is | | | | manpower and other costs. Providing human |
| increasing at 30 percent per annum. | | | | resources and home at their work place presume |
| Due to increasing property prices, buyers are looking | | | | great importance and there the requirement of form |
| forwards to invest in two and three tier towns where | | | | space for people to live and wok that in turn cause |
| property rates are growing with rapidity. Dehradun real | | | | the development of other related infrastructure. It has |
| estate is one of the most demanded properties in India | | | | been a predominant trend to set up the world’s |
| to it’s due to emergence of a large number of | | | | best business centers, often campus-style |
| national and multinational companies. | | | | establishments, bearing a different corporate stamp. |