The Indian economy experienced 8.6% growth in 2003. The growth momentum since then has been sustained at 6-7% GDP in spite of insufficient monsoons, reduced growth in agriculture and increasing global steel and oil prices. This is because Indian economy has shifted its base from agriculture to services. The key drivers in this context have been IT and ITES industries. A boom has been felt in certain sectors of Indian economy especially in the real estate development over the last 5 years.

FDI in Real Estate India

The real estate sector in India opened only in February 2005 and ever since then the flow has been a whopping 100%. Foreign direct investment has been felt today in some of the major townships, housing, built-up infrastructure, commercial premises, hotels, resorts, hospitals, educational institutions, recreational facilities, city and regional level infrastructure. Thanks to the Government