Real-estate sector in India: 2013

Indian real-estate sector has come a long way by becoming one of the fastest-growing markets in the world. And, talking about real-estate industry of India, Lalit Jain, Chairman, CREDAI, real-estate association of India, tells that weakening rupee is adding impetus to the real-estate sector of India as NRIs now have more purchasing power. Even real-estate agents in India have witnessed increase in enquiries from NRIs and HNIs for property in India.

A country’s economic performance has direct repercussions on how its real-estate market acts. This is particularly true for the residential-property division. More prosperity means higher financial confidence among home-buyers and this leads to a greater demand for homes.