Burgeoning Investment in Lucrative Indian Real Estate
The boom of in real estate India has not only affected the other sectors of Indian industries but also cast its positive shadows on the international scenario. Today time has come when most of the financial and other companies in India have diversified their activities and entered the lucrative field of real estate India thereby making a fast multiplication of their assets. To name a few companies are Emami - a cream and other herbal producer, M/S OCL India-a cement producer, India Bull-a finance company, M/S Lakshya Soft-Ware Solution-a financial company coming up with their new Ideas and many more innumerable like these.
There were numerous textile and other industries which were closed long back due to paucity of funds and/ or recurring production losses but they were having a cheap and huge land bank at their credit.
Seeing the sudden spurt in real estate all such companies have encased the opportunity by disposing their cheap land stock at an exorbitant rates thereby making billions of rupees and setting off their past losses. Not only this, to enmesh the real estate India boom most of the big and reputed builders have moved to Tier-II & III cities where their profit margins both in rental properties and sales are comparatively higher than that Tier-I cities.