The State of Real Estate
Ar Apurva Bose Dutta

A few years back the Real estate in India boomed and how! CREDAI, apex body of developers in the country with over 8,000 members notes that the Real estate emerged as the popular sector for private equity funds who invested $1,700 million in this sector during 2011. With urban population growing at a rapid speed, the demand of space is huge for residential, retail, education, tourism and healthcare. Townships have now become a favourite property with Real estate developers. In the presence of undeveloped infrastructure, land constraints and shooting land prices inside metros, these townships away from the main cities provide affordability, a better lifestyle, a walk-to-work mode and convenience to the end users. The major investments in India presently include collaborations between the Sahara Group and US-based Turner Construction Company, of building integrated townships in India worth $25 billion over the next 20 years. According to statistics available, a shift has also been found from the traditional development in residential and commercial spaces to areas like logistics, warehousing, hospitals, schools, and affordable housing.