Economic Recession and Indian Real Estate ? Hopes and Implications

Indian real estate has been witnessing a golden era with a property boom spreading in all directions and it is touching new heights. The Industry experts feel that Indian real estate has huge demand and potential in almost every sector, especially commercial, residential, and retail. However, Indian real estate could not remain unaffected from the impacts and implications of global recession. This is evident from the fall in demand of all types of property and a marked decline in construction activities. It was believed that Asian economies like China and India would not only remain insulated but also play a major role in moderating the global slowdown. However, the ‘decoupling theory’ has proved wrong. The worldwide economic slowdown has definitely impacted the real estate sector ? both across the world and India as well.