The Indian real estate and construction industry is an integral part of the economy and is responsible for a considerable part of its development. Commercial realty is a must for the success of residential realty. Indian real estate developers are betting high on commercial realty after the announcement of ‘Housing for All’ program by the government. The President of CREDIA has said that there is no point in creating homes for all if people cannot afford to buy one. To make them buy one we need to provide employment with better scales and better environment.
There is a direct relation between the demand and supply in residential and commercial real estate. If there is a big residential settlement in a region then supply for commercial space in demand and vice versa. If a huge residential township or settlement is coming up, you need commercial space and hence the commercial boom will be in sync with it. Commercial real estate plays the part of completing the real estate outlook of a destination, which is important for the performance of the sector and gives a boost to the economy of the country. On account of better returns, FDI inflow and enhanced chances of employment, the commercial realty is turning out as a landscape for Indian developers. [Read more…]