FinanceDue to explosive economic progress of India that captured the world’s attention, its property market has indeed emerged as one of the most appealing investment destinations for both domestic and foreign investors The Indian real estate industry seems to have bounced back after being temporarily affected by the global meltdown. The rapidly growing Indian real estate market is accelerating towards maturity with increasing participation from prominent local and international players, rising investor interest and a market-friendly approach. The Reserve Bank of India estimates place the real GDP growth in India for the year 2010-11 at a robust 8.5% making India amongst the fastest growing economies globally. As per Cushman & Wakefield research, the pan India cumulative residential demand is estimated to be over 7.5 million units by 2013 across all category including the economically weaker sections, affordable, mid and luxury segments. The affordable and mid segment category is likely to constitute 85% of the total demand. With the revival in sentiment and the latent demand in the housing segment Ajnara India Limited was well positioned to capitalize on the resultant opportunities and launched series of affordable housing projects in National Capital Region of Delhi (NCR) as after mid-2009, real estate sector across India and particularly NCR Region witnessed strong growth in all segments. The greatest assets of the company is adopting latest and innovative construction techniques that enabled the company to take up complex projects |
