The illustration below may seem promotional in nature, but actually is a clear indicator as to where the real state sector in India needs to focus. Real estate properties in India got used to big bucks and exponential growth rates, this phenomena attracted quite a few non serious players who were looking at quick returns. In turn this has led to unplanned construction in large metropolises by developers looking at 300 to 400% growth on their investments. This greed for higher growth, further led to unethical practises laden with corruption. Real Estate sector in India is in the news these days for all the wrong reasons, latest example being the cancellation of a township project on Yamuna Expressway being developed by a top notch developer.
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