Real estate property market news:
The Indian real estate sector is finally liberating from the slowdown which had been hampering growth all across the industrial sectors of Indian economy over the past few quarters. The construction domain upheld encouraging growth records in many of its micro markets even while other sectors struggled to fare well in the times of parched channels for funding. Yet another boost to this sector comes from the International Property Show (IPS) to begin in Dubai from 8th of April this year.
As reported by The Economic Times, the International Property Show (IPS) to be held in Dubai is expected to be the podium for Indian realty sector to exhibit its true potential across various segments of asset development. National Real Estate Development Council (NAREDCO) is the flagship for Indian realty to spearhead participation and offer an array of property options to the prospective buyers in the Middle East.
Interestingly, the properties developed by the leading real estate enterprises from India are the most sought after in this part of the world. Following the precedents, the Indian realty sector is expected to lead the quantum of transactions and investment abroad while expanding its scope of operations and enlarging the customer base way beyond its national territories. Developers across the Indian metro cities and other nodes are expected to hold the flag post of this property affair which is the helm of the global property arena.
Seconding the media reports, the improved GDP figures and the lower inflation has accentuated the worth of investments in the Indian real sector. Along with the encouraging statistics from the economic surveys, the real estate sector in India has reassuringly expanded deep into the peripheries of metro regions where massive investments were poured into the commercial and residential subsectors.
The revival of construction and a subsequent push to the manufacturing and service industry in India and the South Asian economies is much awaited during the present day. Moving forward, such property expos and enhancement in the target customer base have various upshots to be looked forward for. The recognition for native realty market being the first and augmentation in the global interest and monies flowing into the Indian real estate being the second, amongst many more promising prospects of growth and expansion.
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