In the recent times, the whole world has faced slowdowns and setbacks in many of its industrial sectors, which has affected their entire economy badly. Sectors like real estate, IT, have faced great losses due to the recession period, resulting into the loss of jobs by many people. Countries like US are still under the stage of recovery, but India and china are two countries, which has been the fastest in terms of resilience. Due to an immensely large number of population and high demand, these countries have shown great recovery and have complimented the country’s growth by becoming the most popular market for real estate investment.
According to a survey done by renowned companies of the world, India and china are preferred as the top most regions for investing in the real estate sector. This is due to the large population and the scope of growth and high demand for development in the countries. A large number of multinationals are setting up their offices in these countries, resulting into high demand for property and land. Increased requirement of residential units, and urbanisation of the areas, has lead to the strengthening of the real estate sector in these countries.
The boost in the real estate market in India and china is also because of the high GDP growth of these countries. The lavishing salary packages of the people, has also resulted into the development of an urge for luxurious living in the citizens of the country. Real estate property is also considered as the biggest asset for investment, so people also believe in its power of growth and making money out of it. The increasing affordability status of the citizens leads to the instillation of hi-tech props in the houses, adding to the demand of technology approved housing facilities.
These all factors, club for the reason of India and china, becoming the priorities for real estate investors across the globe.
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