Monday, December 10, 2007

Dynamism of Indian Property Markets

Some pointers to how dynamic the Indian property markets are:

•The country’s population of 1.1 billion is set to continue to increase until at least 2030, before stabilising at around 1.5 billion, by which time India will have overtaken China as the world’s most populous country.

•India has a young profile. Half of its population is under 25 years, and the country’s median age is 24 years (2005), compared to 33 in China and 43 in Japan.

•The country is urbanising at a rapid rate of 2.5% per year. The number of cities over one million is expected to double from 35 in 2001 to 70 cities by 2025. India’s "Mega-Cities" of Mumbai and Delhi will be the world’s 2nd and 3rd largest cities by 2015.

These figures simply indicate the kind of opportunities floating around Indian property markets. Please share more facts over Indian property sector

1 comment:

Realty Rider said...

India has "enormous potential in all its property investment categories". Strong population growth, a large pool of qualified workers, greater integration with the world economy and increasing domestic and foreign investment are fuelling demand for office, retail and residential property. India’s burgeoning middle class will drive up nominal retail sales through 2010 by 10% p.a. At the same time, organised retail is becoming more important. At present organised retail accounts for a mere 3% of the total; by 2010 this share will already have reached 10%.India is the prime destination for IT services outsourcing. In the coming five years, at least 55 million m² of extra office space must be completed in the premium office segment alone. Property investments in India are not risk-free. Market transparency is far behind European or US standards. It is therefore vital for foreign investors to have a professional local partner. The lack of liquidity and upward pressure of pricing remain the main concern within the market.For more view-