Construction Mania...

City is budding to be a metro, the old houses getting converted into apartment houses and shopping area's are gulping the Garden cities calm... the developement bring's money and is invested into realty. Government too seems to be cashing in...

Real estate has transformed into a separate asset class and a new avenue of investment for individuals. The most significant advantage of real estate investment is that such investments do not require day-today tracking unlike investment in stocks and shares where rate of interest fluctuates every now and then. This characteristic of real estate investment would be further enhanced on account of favourable inflation and low interest rate regime. Within this framework, investment in real estate has become a good option.

An independent study has estimated that over 100 million sqft of space will be required across the major cities by 2008. To date, less than 5 per cent of the Fortune 500 companies have moved significant operations offshore. As the trend gathers momentum, employment growth in India is expected to accelerate rapidly.

God save our cities....