(5) Discuss the major reasons for property in Indian
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Explanation:
Easy availability of bank loans; b) Growing income levels that have increased the middle classs purchasing power; c) Efforts of the government to encourage the service industry; d) The opening up of the real estate industry to Foreign Direct Investment (FDI); f) The virtuous cycle: As more people invest in property, property prices rise increasing their capital value and encouraging more people to invest.
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- Increase rate of rising population
- Less productivity in agriculture
- Less utilization of resources
- A short rate of economic development
- Increasing price rise
- Unemployment
- Shortage of capital and able entrepreneurship etc..
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