DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/eb4830/real_estate_brokin) has announced the addition of the "Real Estate Broking Market in India 2011" report to their offering.
Netscribes (India) Pvt. Ltd. launches a report on the Real Estate Broking Market in India 2011 as part of Netscribes' Business Services Industry Report Series. Mumbai, India - Aug 11, 2011 - Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of its report Real Estate Broking Market in India 2011. India has witnessed a growth in demand for residential and commercial space. Aided with rising disposable income and industry initiatives to organize the sector, the real estate broking market is provided with the needed impetus for its growth in India.
The report begins with an overview of the real estate industry in India including market size and growth. A list of the major projects in India has been highlighted. This is followed by a segmentation of the real estate sector with a brief description. An overview of the real estate broking market in India comes next along with a distinction between organized and unorganized brokerage market.
The major segments of operation of the brokerage market and the schedule of rates of commission that prevails in the market have been highlighted. This section concludes with a business model specifying online and offline business models prevalent in the brokerage market. An analysis of the drivers explains the factors for growth of the market including growth in demand for residential space, growth in demand for office space, growth in the hospitality sector, the business being highly lucrative and the NRI influx factor. India is an emerging economy and with rising GDP growth across the country, people are equipped with more disposable income in their hands.
Furthermore, with the stock market being subjected to volatility, real estate becomes a prime sector for investments which has given strong returns to investors. Thus, it is estimated that investments in real estate will continue to increase which will lead to growth in the real estate broking market. Rising demand for residential and commercial space has added to the sector's growth as it yields lucrative returns. Due to NRI's looking to invest in India, it has emerged as a thriving market. However, certain challenges are present in this market.
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