Property development is one field where you require no qualifications but a reasonable financial back up. Anyone with a sound bank balance can step into the field of real estate development. The heavy return on investment has made this business more popular; while investing in the residential real estate market has become quite passé. Investing in the commercial real estate market is a different ball game altogether than the residential property market.
These days all the big guns with ample of finance try to shoot the property development in India. It is to become a property developer in India but hard to stay in succeeding mode. It is mandatory to conduct a comprehensive market research and understand the latest trends in the local property market. Experienced real estate developers have a strong insight into the most recent trends in the local real estate industry and can prove to be of invaluable asset for you.
Shopping mall is one of the important parts of real estate sector so the real estate companies also want to touch the roof of shopping malls. Though the malls are not in the every corner of the Punjab but you can find some attractive malls in the big cities of Punjab. Suncity Mohali Mall, Mall Matrix Mohali are two big malls in Punjab.
Due to the Indian boom in real estate sector more and more non resident Indians are encouraged to invest for a secured future of their child, for their parents at home, life insurance etc or it can be purely for the reason of making profits by investing in real estate. This move of NRIs have emerged the Indian economy and has served the NRIs parents, a source of income as well. The overseas Indian investors also find it simpler to the Reserve Bank of India too is attempting to regularize certain sections in Foreign Exchange Management Act (FEMA) which also allow NRIs, routes to invest in India