The real estate industry in India is flourishing at a fast pace. Over the years the industry graph has shown an upward trend. The industry has shown a growth rate of about 30% each year. The recent surge in Indian outsourcing business houses, including technical consultancy services, medical transcription, and call centers, has constituted about 10 million square feet of growth in real estate.
Today, several multinational corporations have shown great confidence in investing in Indian real estate sectors for its promise to gain tremendous returns on investments. Another reason why foreign investors are keen to invest in the Indian real estate sector is the easy and cheap availability of skilled workforce and the considerably low cost of operations. This adds up to higher returns on investments.
India’s super accelerated urbanization rate has created quite a situation in major cities like Delhi, Mumbai and Bangalore. With the population increasing almost every day, there has risen a need for housing with decent facilities to sustain a semi-urban lifestyle.
Delhi Development Authority has taken a rather innovative measure of land pooling to solve this issue of overpopulation. DDA has divided the city into fifteen zones for development. These are basically chunks of land outside the main city of Delhi which have the potential to be developed into smart cities. The L zone essentially is an area that the Authority has acquired and would be selling to buyers to erect housing complexes with all basic amenities. The L zone is expected to give the required boost to Delhi’s real estate industry. Let’s have a closer look.
THE LOCATION
The L zone’s location is probably one of the most important factors that make it such a hot spot for investors. The zone lies near the Indira Gandhi International Airport. It is also very close to Dwarka sub city and Gurgaon. L zone is one of those areas where a person looking for great returns in the future could invest. Also, the investment would be comparatively lower than other places. To sum it up, the land reaches out to the residential needs of the people who prefer living in a decent space in proximity to the major locations in NCR and serves as a great investment opportunity for real estate giants.
No comments:
Post a Comment