Project Report For Real estate
The project report for Real estate – Commercial building & leasing is as follows.
Over all the years, India’s real estate sector has regarded as a significant powerhouse for economic growth, being the 2nd largest employment industry after the agriculture sector.
It has several interconnections for many other industries and more than 250 related industries. Each rupee being funded in this sector outcomes in an addition of 78 paise to GDP, as per the estimates. Likewise, a rise in unit spending has a compounding impact and the income-generating capacity is as large as five times.
The size of the sector is close to USD 12bn and grows at 30 per cent per year. It currently contributes 5 per cent of India’s GDP and is anticipated to increase by 6 per cent annually.
It is a commercial mall project with 5 floors (which include a basement with a parking lot.
Market potential & Strategy
The property market is among the most known markets in the country. It consists of 4 sub-sectors, housing, retail, hospitality and commercial.
Development in this market is well accompanied by expansion inside the business environment and requirement for office buildings and also urban and semi-urban housing. The building industry currently ranked third among the 14 major segments in India of direct, indirect and induced impacts throughout all areas of the economy.
The chosen project lies at the city’s main heart. There is a massive land shortage at the location and that there is no restriction to demand.
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