Several factors are expected to contribute to the rapid growth in real estate
Large demand-supply gap in affordable housing, with demand being fuelled by tax incentives and a growing middle class with higher savings
Increasing demand for commercial and office space especially from the rapidly growing Retail, IT/ITeS and Hospitality sectors
The recently announced JNNURM expected to provide further impetus
Investment exist in almost every segment of the business
Housing: about 25 opportunities million new units expected to be built in 7 years
Office space for IT/ITES: 150 million sq. ft. across urban India by 2010
Commercial space for organized retailing: 220 million sq. ft. by 2010
Hotels and Hospitality: Over 100,000 new rooms in the next 5 years
Investment opportunity of over US$75 billion in the next 5 years
Major foreign institutional investors including Morgan Stanley, Goldman Sachs, Merrill Lynch, AIG, Blackstone and Calpers have invested or are in the process of investing in Indian real estate
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