India is developing at a fast pace with its different sectors being a helping hand, which steer it towards a successful nation. IT sector, agriculture, manufacturing units, import export and numerous other sectors play a phenomenal role towards contributing to the advancement. India's real estate is also a budding industry, which has become one of the major sectors that represent the country on the global front. Real estate is growing at a good rate and this has increased demand for Property in India.
The real estate sector is considered extremely important for the development of economy and infrastructure of a developed or developing country. Indian real estate is hugely in demand in nearly all sectors but specifically retail, industrial, commercial, residential, hospitality, healthcare etc. However, maximum growth is because of the booming IT sector as a number of foreign organisations and companies are opening their offices in India. Thus, this is one of the main reason behind the increase in the demand for property in India. It is estimated that 70% of the new construction is for the IT sector.
Punjab is counted among India's most developed states. The residential property is in high demand in this state. This is the one such city that is full of greenery. In the recent years, this state has grown by leaps and bounds. The development in all sectors, particularly in real estate, has enabled Punjab's infrastructure to reap rewards.
The demand for Property in Punjab, for office and retail space, is rising day by day because of the sustained economic activity, which is driven by software companies that are establishing their presence in Punjab that is the first planned modern city of India.
