The real estate sector in India has been a developing sector in the country. Historically, real estate deals involved purchase of land by the customer for end use purpose. These transactions were mainly facilitated through references of customer’s family members & friends or in certain cases by real estate agents.
Average Family size during that period was 7-8 and that was popularly known as the “Joint Family” concept. According to the Census of India, 2011, the growth of urbanization in India was only 18% in 1960 as compared to 23.3% in 1980. This clearly states that during the said period, the rate of urbanization was increasing which led to the demand for life spaces. With the increase in demand and trend of nuclear family, the demand for increased residential space grew rapidly. Property advertisements became a frequent sight. However the scarcity of usable land was felt by the stake holders. Growing population accompanied with the increased rate of urbanization gave a boost to the real estate sector in India. With the continuous development of social and physical development within the country and strong economic reforms, the sector was also benefited of the same and demand for residential and commercial spaces started building up. The customer segment was a mix of end use and investors. People were attracted towards the sector as it witnessed strong capital appreciation in comparison to other mode of investments. The new era customer base did not only rely on the estimates of the Channel Partners but also did their own research based on the Analytics available in the public domain. Different Real Estate Analytics website provided wide range of analysis based on historical and future predicted data. Many developers also started recognizing online platform for making their product available to the larger audiences. There are also many Applications, commonly known as “Apps” in smart phones where buyers can initiate the deal with the developers or channel partners. The Indian real estate sector has witnessed high growth in recent times with the rise in demand for office as well as residential spaces and will continue to do so in the near future as well. Sanali Group, a well reputed company is managed by Mr. Noor Haq, a dedicated and ambitious entrepreneur. Sanali group is a pioneering developer of many high profile projects. The sanali group has achieved proven competencies in property, IT parks, shopping malls and retails and hospitality and leisure. Check reviews and rating for sanali Group to know more about their projects from their happy clients. Read More - WHY SANALI GROUP IS THE BEST RESIDENTIAL REAL ESTATE BUILDER IN INDIA
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