An Empirical Study of the Trends in Real Estate Prices in Chandigarh (India)

Mittal, Bharat (2007) An Empirical Study of the Trends in Real Estate Prices in Chandigarh (India). [Dissertation (University of Nottingham only)] (Unpublished)

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Indian real estate has huge potential demand in almost every sector especially commercial, residential,

retail, industrial, hospitality, healthcare, etc. Commercial office space requirement is led by the

burgeoning outsourcing and Information Technology Industry. The leaders of the IT/ITES world have

set up or are setting up their centres in India. Estimated demand from IT/ITES sector alone is expected

to be 150mn sq. ft. of space across the major cities by 2010. In residential sector there is housing

shortage of 22.4 million units out of which 6.7 million are in urban India. The increase in purchasing

power and exposure to organized retail formats has redefined the consumption pattern. As a result the

country has experienced mushrooming of retail projects across the cities. The main growth thrust is

coming due to favourable demographics, increasing purchasing power, existence of customer friendly

banks & housing finance companies, professionalism in real estate and favourable reforms initiated by

the government to attract global investors. All these factors have resulted in increased attention of

global investors towards Indian real estate than ever before.

By using data collected from property dealers and consultants in Chandigarh, we will study trends in

prices of land in Chandigarh, its suburbs (Zirakpur) and rural areas. We will also study how the

housing market has behaved in Chandigarh over the past 10 years.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 06 Mar 2008
Last Modified: 15 May 2016 12:06

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