Housing and infrastructure are some of the most
important and deciding factors in a developing country like India. The growth
of any country, as we all know, depends on its infrastructural development. In India, the need
of proper and improved infrastructure is due to various factors such as the
increased population, urbanisation, globalisation, industrialisation, and also
better living standards. Hence, industries which contribute towards
construction of new infrastructure have major role to play in the economy of this
country.
With Indian population crossing over one billion, the
demand for housing has increased drastically.
Real estate development plays a main role in providing
houses for people from different socio-economic groups. In addition to housing,
the need for various other public utilities such as hospitals, schools,
commercial buildings, and recreational infrastructure, has proportionally
increased. Real estate development
industries and construction companies have now become one of the dominant contributors
in infrastructural development and economy of a country.
Various players in real estate including the
government, public and private sectors co-ordinate together and their constant
effort are seen in the growth of the real estate and infrastructural sectors. The
present demand for housing and infrastructure in India, due to the increase in
the inelastic needs, has placed a parallel demand on the property development companies and
builders. This demand is clearly going to increase in the coming years, and
therefore, the investment in this sector has also become critical.
Some of the well-known property developers including Sterling Developers have
capitalised on this need and are providing living accommodations for people
from different socio-economic groups.
With various apartments, and villas cropping up all over major cities
like Bangalore, they now provide a great investment opportunity for people all
over.
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