The boom in our construction and real estate business will survive the recession as according to a report it still remains an ideal destination for global investors. Centripetal pattern of migration towards cities and bloating urbanization catalyzing buyers to invest in real estate market will further push ahead the business and continue to be the principle demand driver.

 

"Despite being burdened with high construction costs and increased cost of borrowing, the Indian construction and real estate sector continues to be a favoured destination for global investors," said an International Business Report (IBR). 

 

Growing housing demand, stock market rally and a glut of positive RBI guidelinesauthorizing foreign banks into the country's banking system are set to offer further stimulus to the projected growth of the sector, it said. Moreover, business leaders are looking forward to a stable administration post general elections to push ahead the real estate business in a big way.

 

Across Asia Pacific, growth is being driven by businesses in emerging economies which are more than twice as confident about raising profits as their peers in advanced economies. A majorityof southeast Asian, Latin American, and North Americanbusiness leaders are optimisticabout its prospect here in India, while those in the eurozone and especially in southern Europe are least optimistic. 

 

About 45 per cent of BRIC economies are optimistic, slightly more than its peers in the G7 (39 per cent). 

 

The report covered business leaders in 45 economies to understand how the real estate and construction sector is recovering from the financial crisis, where the opportunities lie and what businesses are doing to keep their operations running smoothly and free from fraud.