In the past few years, the purchasing power of the people in India has grown as a result of the continuously growing economic status of India and which is one of major reason behind the rising demand in real estate investment in India. Another major behind the rising real estate investment in India is that India is considered as the safest place to invest in property and give assured returns on investment. According to several studies it has been found the Indian real estate market is growing at a rate of 30% annually.
Many people think that one important reason behind this growth is the rising population of India which in turn generating huge demand for residential Property in India. As per the study estimation, the population of India is going to reach 1.3 billion by 2020. There is a huge demand for houses to meet this great need. Nowadays, people are more interested in buying apartments rather than bungalows because homes are available at reasonable prices and now people don't want to live in joint families which mean there is no need for big houses such as villas or bungalows in India.
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