In the last fiscal, Rs.17,000 Cr was invested in the Gujarat realty. The state saw growth rate of over 700 percent.
Gujarat realty is booming. It has really become one of the hottest realty investment destinations. The report presented by the Associated Chambers of Commerce and Industry of India affirms this.
According to the report, Rs.17,000 Cr was invested in the Gujarat realty. This is far higher than the investments in the other states.
As a whole Indian realty received only Rs.42,000 Cr. Out of this, over forty percent is invested in Gujarat realty alone. This alone tells how the state has grown to be one of the top realty investment destinations.
Moreover the real estate investment rate has fallen in India as a whole. Only a few states like Gujarat received a huge improvement. Second to Gujarat was Kerala realty which saw a growth rate of 550 percent.
Other than these two states, Uttrakhand and Rajasthan are the two states where the investments have risen. While the former received a 400 percent growth, the growth rate of the latter is 175 percent.
The remaining states have faced a sharp fall in the realty investments. in majority of the states, the decline rate is over 50 percent.
In 2011, Rs.92,600 Cr was invested in Indian realty. Last year it fell to Rs.42,000 Cr. This means that India has witnessed a sharp disinterest of the investors.
Gujarat realty, on the other side, saw a rise of investment from Rs.2000 Cr of 2011 to Rs.17,000 Cr this year. It means that the state has achieved a growth rate of over 700 percent.
National Secretary General of ASSOCHAM D.S. Rawat said that the real estate investment across the country has declined. He stated while talking to the media persons. He was releasing the study report of the apex body of industry.