Dream Homes in Nature’s Bosom
Notwithstanding all the negatives of the lingering global
slowdown, India continues to be a favoured destination of real
estate investors, developers and non-resident Indians (NRIs),
driven largely by positive government policies and changing
lifestyle of the average Indian populace. The second largest
employment generation sector after agriculture, real estate
178 dream makers
ANCHOR
INDIA
contributes about 6.3 per cent to India’s gross domestic product
(GDP). The foreign direct investment (FDI) in the sector is expected
to touch US$ 25 billion in the next 10 years. The sector’s progress
is driven by factors such as rapid urbanisation, a growing trend
towards nuclear families, positive demographics, rural-urban
migration, ever-developing infrastructure, higher income levels
and housing demand.