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What do you know about India? Bollywood?

Image result for indian dance from a movie

The world's richest man, Bill Gates of Microsoft posted an article on the 1st of May, 2017 on India's war on human waste. It is an insightful article as it highlights the vision of the Current Prime Minister of India - Narendra Damodardas Modi to improve public health; an excerpt from his first speech to the nation commemorating India's independence day captures this vision:

"We are living in the 21st century. Has it ever pained us that our mothers and sisters have to defecate in the open?... The poor womenfolk of the village wait for the night; until darkness descends, they can't go out to defecate. What bodily torture they must be feeling, how many diseases that act might engender? Can't we make arrangements for toilets for the dignity of our mothers and sisters?"

Less than 3 months after the speech, Modi's government started a campaign called Clean India Movement ("Swachh Bharat Abhiyan" in Hindi) which now includes ending open defecation nationwide by 2019, installing 75 million toilets throughout the country, and making sure that no untreated waste is dumped into the environment. Now that's something!... and reliable reports have it that considerable progress has been made in actualizing these goals.

Just by the way... If you closely observe the movie entertainment industry, you would know that a lot of Bollywood (a sobriquet for India's Hindi language film industry) movies  and TV series occupy the movie entertainment space. A unique feature of Bollywood movies and TV series is song-and-dance inclusion - their movies are sandwiched with singing and dancing, actors wearing colorful costumes,etc.

You might know all these about India, their style of movies, their culture, Mahatma Gandhi etc. but you probably don't know the following about India's Real Estate Industry. Consider the following:

  • In India, real estate ranks as the 2nd largest employer of labor after agriculture and is expected to grow at a 30 percent rate over the next decade
  • Indian's housing sector alone contributes 5 to 6 percent to the country's GDP.
  • Mumbai - the best city in India for commercial real estate investment is expected to generate returns of between 12 and 19 percent in the next five years.
  • In the period FY 2008-2020, the market size of the real estate sector is expected to increase at a Compound Annual Growth Rate (CAGR) of 11.2 percent. (Note: FY means Fiscal Year).
  • India is home to one of the most expensive houses in the world - Antilia, owned by the Chairman Reliance Industries Limited,  Mukesh Ambani. Antilia is deemed the 2nd most expensive residential building in the world after Buckingham Palace.
  • It is projected that by 2022 India would need to build 110 million homes to shelter the entire populace, in both urban and rural areas. You talk about real estate investment opportunities, you don't want to look down on India.
  • A 2016 KPMG and National Real Estate Development Council Paper, asserts that Indian's population would grow so large by 2030 making its real estate and construction sector the 3rd largest in the global market.
  • The Indian real estate market size is projected to reach US $180 billion by 2020.
India is worth talking about, the figures cannot easily be ignored. I think it's worthwhile to broaden one's knowledge about this country's real estate sector.





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