The future of the Indian Real Estate sector looks promising with the growing foreign investment in the sector
According to World Investment Report 2016 by the United Nations conference for Trade and Development, India is ranked 4th in developing Asia for FDI inflows. It was seen that the Indian real estate sector has attracted a total of 32 $ Billion in private equity so far. The global capital inflow into the Indian real estate sector last year was $ 5.7 billion. Though the figure does not breach the figures of 2007, but the last year has proved to be the 2nd best year so far. This was in spite of the fact that there were many global uncertainties like Brexit and the US presidential elections.
Out of all the major cities studies show that the tier 3 cities of India are doing very well in terms of the growth in the real estate sector in India. Experts in the field are of the opinion that the increased consolidation and transparency particularly with the launch of the REITs (Real Estate Investment Trusts) have helped the sector grow in many ways.
To conclude that one can say that this may be a great time to invest in real estate sector in India . In case you are looking for residential plots in Bhubaneswar and luxury real estate projects DN New Town is the best.