Kerala Gujrat on Rise while Indian Real State Sector Sees a Dip in Fund

Published on: 06 May, 2013
Published under: Kerala Business News, Kerala Real Estate Updates

5 May 2013

New investment in India’s booming real estate sector fell to Rs 42,000 crore in the last financial year from 92,600 crore a year earlier . Real estate rates have increased by 10-20 times over the last decade in India, mirroring increasing money supply. In most cities, apartment prices are beyond the reach of most middle class Indians, leading to a slight slow down in the last two years.

“While most of the states have seen a decline in attracting new investments in the realty sector, Gujarat has seen a surge of over 700 per cent as the state has attracted investments worth over Rs 17,000 crore as of March 2013 from just over Rs 2,000 crore a year ago,” said Mr D.S. Rawat, national secretary general of ASSOCHAM while releasing the chamber’s analysis.

“Kerala is another state which has seen massive growth of over 550 per cent in attracting new investments in real estate followed by Uttarakhand (400 per cent) and Rajasthan (175 per cent),” said Mr Rawat. “While almost rest of the states have seen a drop of over 50 per cent in new investments in the realty sector during the aforesaid period.”

Outstanding investments in real estate have risen by over 25 per cent throughout the country during the five year period of 2008-09 and 2012-13, further highlighted the ASSOCHAM analysis.

Source – http://rtn.asia/1602_indian-real-estate-sector-sees-dip-fund-flow-kerala-gujarat-boom

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