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Is there a real estate boom again in India?The present real estate scenario in India is...

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skzameen | Student, Undergraduate | eNotes Newbie

Posted March 27, 2012 at 4:15 PM via web

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Is there a real estate boom again in India?

The present real estate scenario in India is very good. The real estate boom in India is interlinked directly to the industrial, Commercial and economic growth with stability and strong presence of international companies throughout India have made the preferred destination for investment in real estate.  Discuss if this is actually the case.

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Ashley Kannan | Middle School Teacher | (Level 3) Distinguished Educator

Posted March 29, 2012 at 9:49 PM (Answer #1)

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I think that there could be some strong analysis to counter the idea that there is a real estate boom in Indian cities right now.  I think that the swelling of population to the urban areas has created a shortage of basic services.  Proper sanitation as well as resources like water are becoming reality in the urban centers.   The idea of designer homes and bathrooms being built are offset by the reality of lack of water.  At the same time, as urban centers and urban land has become desired by greater demand, prices have increased to price some people out of it.  The population of slums in major cities have increased, and have not shown signs of abatement.   As with so much progress in India, the corrupt element in political life makes the full experience of a boom less likely.  This element restricts the benefits of any boom to the few, at the expense of the many.  While there is a swelling of greater population with hopes of experiencing life that features more of "Western amenities," the reality that confronts them will stem such an exodus to the city and probably have adverse effects on any type of "boom" in real estate.  In the end, this becomes the flip side to the perceive "boom" in Indian real estate at this time.

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