Real Estate, after agriculture, is the second largest employment generator in Indian Economy. By definition, it is divided in to four sub categories namely housing, commercial, retail and hospitality. Of these housing,
with a market size of 66.9bn USD, contributes Worli Tower Parinee almost six percent share to India’s Gross Domestic Product and the other three are also growing with rapid strides. These all show the infrastructural needs of a growing
India and its populace.
In fact there is a scarcity and shortage as per the demand of housing complexes in both rural and urban areas. The projection of demand for residential growth of is around 19 percent in the current fiscal planning up to
2014 whereas the demand commercial space is increasing by 7 percent in the span of time. Though there are big players who chiefly dominate the marketand cater to the need for residential and commercial
complexes, still there is vacuum to be filled in.
The paradigm shift of the commercial space from ownership to lease and maintenance has opened up new windows for residential investors. Now pan-India players are very much interested in collaboration with local
groups to promote brand value. The curtain raiser during ParineeWorli pre-launchsession also reemphasizes the growth of such collaborations among local and global realtors.
The rapid growth of economy in last decade has witnessed a speedy urbanization of the fringe cities. At the same time a hefty growth in household incomes Worli Parinee are also pressing for residential real estates. Which is why
the graph of FDI in last few years has recorded an uptrend and global players are now coming to India with openness of mind. Govt. has also taken initiative to boost up the sector by reducing tax burdens on the small
scale realtors and paving the way for hassle free house building loans for the individuals.
The new dawn of Parinee Worli has also created job opportunities of hardcore engineering and ancillary industries like raw materials and their shipment. The recent pan-Indian survey has come up with striking
result like a gap of eighty six percent in the demand supply gap in the number of professionals like civil engineering, architecture and planning. If one puts the percentage in simple arithmetic, the requirement amounts
to a staggering figure of forty four million trained personnel by 2020. The unorganized labor sector also growing to catch up with the flurry of jobs available in ancillary fields.
In fact there is a scarcity and shortage as per the demand of housing complexes in both rural and urban areas. The projection of demand for residential growth of is around 19 percent in the current fiscal planning up to
2014 whereas the demand commercial space is increasing by 7 percent in the span of time. Though there are big players who chiefly dominate the marketand cater to the need for residential and commercial
complexes, still there is vacuum to be filled in.
The paradigm shift of the commercial space from ownership to lease and maintenance has opened up new windows for residential investors. Now pan-India players are very much interested in collaboration with local
groups to promote brand value. The curtain raiser during ParineeWorli pre-launchsession also reemphasizes the growth of such collaborations among local and global realtors.
The rapid growth of economy in last decade has witnessed a speedy urbanization of the fringe cities. At the same time a hefty growth in household incomes Worli Parinee are also pressing for residential real estates. Which is why
the graph of FDI in last few years has recorded an uptrend and global players are now coming to India with openness of mind. Govt. has also taken initiative to boost up the sector by reducing tax burdens on the small
scale realtors and paving the way for hassle free house building loans for the individuals.
The new dawn of Parinee Worli has also created job opportunities of hardcore engineering and ancillary industries like raw materials and their shipment. The recent pan-Indian survey has come up with striking
result like a gap of eighty six percent in the demand supply gap in the number of professionals like civil engineering, architecture and planning. If one puts the percentage in simple arithmetic, the requirement amounts
to a staggering figure of forty four million trained personnel by 2020. The unorganized labor sector also growing to catch up with the flurry of jobs available in ancillary fields.