Boom continues in smaller cities in India, China
World’s two fastest growing economies China and India will continue to
witness boom in the real estate segments in smaller cities as both
countries are expected to record strong growth in residential
demand in the coming years, says a report. Further, investments volume
in the two neighboring nations is projected to go up in the next few
years. According to a report prepared by the research group of
Germany’s Deutsche Bank, the long-term growth prospects for both
countries “remain very good.” An important growth driver for the real estate market would
be the increasing urban population in both countries. According to the
report, another growth driver for both countries would be the rising
population of working age. The working age population in India is
projected to be on the upward curve in the coming years and would be
above 65 per cent by 2050. Globalisation has helped the emerging
economic giants to post double digit growth in recent years. Both
countries have immensely benefited from increased trade and capital
imports.
riathareja
riathareja
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