The realty market that we witness today has undergone a huge change since past so many years making it more organised and transparent. More than 5 percent of the share to the GDP belongs to the real estate market. In the earlier times, people used to face a lot of problems in financing a house. Getting a house for your family was as good as a dream in the early 2000’s. But today, we can see a incredible boom in the realty sector all over India as even locations which could never be thought of being developed are already sold out and are being known as ‘posh areas’.

In the early 1990’s, a huge number of MNC’s were seeking their way into the Indian market. So it started with Mumbai, the Indian financial capital, and just like that, its property rates went soaring high. By the end of 1997, the real estate was so expensive that the companies started to look for cost-effective regions and thus emerged the new and wide market for other business districts in India including Delhi-NCR.

Now, the realty scenario is not the same anymore. While the prices in the metro cities have already reached at an all time high, peripheral cities are now realizing the scope of improvement and development. In fact, these areas hold the ability to become one of the most prime areas for overall growth. This is well evident from the fact that areas like Gurgaon, Noida and New Delhi are today’s leading Trade centres. The infrastructure required by these places need ace class commercial, retail and integrated township projects which offer excellent amenities. Other than that, industrial areas are also inviting development leading to splendid infrastructural projects being held up in such regions.

Although real estate in the metro cities continue to be the most demanded, Tier II and Tier III are not far behind. Owing to their commercial and strategic viability, these cities are climbing up the real estate market ladder. One of the major reasons owing to this change was the liberalization policy.

The demand for the housing sector has increased a lot over the past few years. This boom in appreciation rates in the Indian property market primarily happened as a result of reduced interest rates by Government in 2001. Even the middle income group was more keen on buying residential places where it was only limited to the rich during the earlier times. As a result, the quality and rates of real estate swelled up after 2003. The market started its journey to an all time high during and after 2005. Technology has brought in many positive changes in this sector. The concept of townships has come up making all amenities available at the doorstep which resulted in a great transformation in the lifestyle of people. This includes shopping centres, health centres, schools, amphitheatres, clubs, and gyms within the township boundaries. With the new regulations and policies entering in this market since past couple of years, realty market is now gaining the industry status altogether.