Facts of Indian Real Estates
Some AMAZING facts of Indian Real Estate will truly astound you. Lets look into some facts.
1. Amazing Fast construction :
A 10-storey building in Mohali, near Chandigarh, was constructed in just 48 hours in the year 2012.
2. Real Estate sector is the Second largest employer in the country :
In India after agriculture, Real estate sector is the second largest employer in the country. It will grow at the rate of 30% over the next decade. Just alone residential real estate sector makes contribute up to 5-6% to India’s total GDP.
3. 7th most expensive office market :
Connaught Place, Is the Central Business District in New Delhi, is the seventh most expensive prime office market in the world. With a stunning annual occupancy cost of $149.71 per sq. ft.
4. 2nd Most Expensive House in the World :
Just after Buckingham Palace being the 1st most Expensive House. 2nd comes Antilia, owned by Mukesh Ambani. It is a 27 storeyed building in Mumbai. It is valued at $2 billion, this luxurious home is considered to be the 2nd most expensive residential property in the world, Antilia is a 570-foot tall home that is built on a 49,000 square-foot plot and has more floor space than the gigantic French Palace of Versailles.
5. Mind blowing huge residential colony
Kankarbagh in Patna is one of the biggest residential colonies in Asia. It is spread across an area of 900 acres.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. Avenue Nest does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
