Indian real estate market expected to grow
The future looks bright for India. There's projected growth in both the retail and residential segments of the real estate sector and commericial space is also in demand thanks to the global outsourcing phenomenon. The number of malls are also projected to grow as are the number of homes being built. The Business Standard reports that the Indian real estate sector " was growing at 30 per cent per annum...." "In the retail space, Knight Frank ranked India fifth in the list of 30 emerging retail markets and predicted 20 per cent growth rate for the organised retail segment by financial year 2012 (FY10). " The retail, commercial and residential segments are all expected "to report strong and sustained growth at least till 2010."
