Real Estate Market Watch

Corporate Developers: Indian Realty in Safe Hands

Liberalisation of the economy in the last decade of the 20th century opened numerous business opportunities. India immediately emerged as a major marketplace for multinationals keen to reap the dividends of a diverse demography, domestic consumption, and an educated working populace suitable for serving offshore clients. To ‘accommodate’ this growth story, real estate emerged as a prime business opportunity to fulfil the burgeoning space requirements of this rising economy. In the 1980s and 1990s, real estate developments were largely limited to state or central government agencies. It was only in 2001 – the beginning of the 21st century – that India began seeing private participation in real estate.