The economy of any country is dependent upon every of its sector to a great extent. One of such sectors is real estate. It is considered as among the biggest drivers of the economic growth in a country. In India, real estate has been placed as the second-employment generating sector after agriculture. Not only it has been contributing to a high level of employment, it has also been responsible for stimulating demand in various industries such as steel, cement, brick, paint, consumer durables, building materials and so forth. Let’s have a look at some of the recent developments in the Indian real estate sector:
The Dark Days
The real estate industry in India has been experiencing various ups and downs since 2005. As a result of the implementation of FDI (Foreign Direct Investment) in the sector, all the investment and developmental activities experienced a boom. It was followed by the entry of domestic companies along with the arrival of big foreign players including development companies, pension funds and private equity funds that were lured by high level of ROIs. However, by the mid of 2008, when the world was facing a drastic economic slowdown, its results were visible in the Indian real estate sector. Consequently, there was a drastic decline in the FDI inflow to the industry and what had emerged as one of the favorable markets for foreign investors underwent a major downturn.
The Days of Transition
Amid the recession, various organizations and platforms have been trying to come up with different ways to bolster the real estate sector in India. One of such revolutionary platforms is Bidding house. It has arrived to provide properties at a cost-effective rate at the time when the sector is undergoing through severe recession and inflation.
It can amaze anyone that how can any organization provide properties at economical rates during such adverse timings of inflation. However, Bidding house has come up with an innovative process to cut down costs in various types of available properties. In order to provide finest deals, it has partnered with various big players in the market, including DLF, Adani, TATA, and Lotus Greens among others. As an effective alternative, Bidding house has come up with a method in which it would purchase a multiple number of properties from its partners in a lot system. Following the process, all the properties will be made available to users at unmatchable prices.
Bidding house is not only for buyers, but, sellers, brokers and real estate agents will also be provided an exposure to a wide base of customers and audience all around the country. Hence, anyone can reap a broad range of benefits with the use of just a single platform.
The real estate sector may have been going through a phase of downfall, however, there is a platform which has arrived with a goal to meet all the property requirements of every user in India.
With Bidding house, all the cash buyers, investors and first time buyers can easily purchase the property of their dreams and carry out their various real estate process.