The real estate sector in India is of great importance. The report of the Technical Assessment of the housing shortage, a shortage estimated at 26.53 million houses in the Eleventh Five Year Plan (2007-12) Plan provides an excellent investment opportunity.
According to the report "New Trends in Real Estate Asia 2011", published by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI), India is the destination most profitable investment in real estate. The report, which offers a view of property investment and development trends in Asia, noting that India, especially Mumbai and Delhi, is a good real estate investment opportunities in 2011. Residential property to maintain the growth rate and thus is seen as better than other sectors. ULI is a global education non-profit research institutes.
In addition, real estate companies are coming to the various residential and commercial projects to meet the demand of residential buildings and offices of Tier II and Tier III cities. For example, Ansal Properties has several residential projects in cities like Jodhpur, Ajmer, Jaipur, Panipat, Agra and Kundl. Omax has also designed about 40 residential projects and integrated into the town of Tier II and Tier III cities, most of them in Uttar Pradesh, Punjab, Madhya Pradesh, Rajasthan and Haryana. The growth of real estate in Tier II and Tier III cities is mainly due to increased demand and the availability of real estate held in the country at affordable prices in these cities.
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