The real estate sector in India has come a long way by becoming one of the fastest growing markets in the world. It comprises of four sub-sectors – housing, retail, hospitality, and commercial. While housing contributes to five-six percent of the country's gross domestic product (GDP), the remaining three sub-sectors are also growing at a rapid pace. The sector is the second largest employer after agriculture and is slated to grow at 30 per cent over the next decade. The real estate in India is being recognised as an infrastructure service that is driving the economic growth engine of the country. It is not only attracting domestic real estate developers, but foreign investors as well.
Growing infrastructure requirement in diverse sectors such as tourism, healthcare, etc. are offering several opportunities for foreign investors to invest in the Indian real estate sector. The industry is characterized by a transactional nature where a multitude of players are involved at each stage of the transaction, and each stage has a plethora of paperwork and regulatory environments to deal with. Businesses operate across multiple locations and deal with numerous entities for a single transaction.
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