real estate overtakes IT

THE real estate sector, particularly housing, in West Bengal has never had it so good. With a consistent 35 per cent growth over the last two years, it has outpaced even the Information Technology (IT) sector. In fact, Kolkata today ranks among the top six cities in India when it comes to growth in the housing sector.

Easy availability of home loans and the simultaneous growth of the IT sector are seen as the key drivers of this housing boom, apart from the joint sector model in which the government can aggregate land while the private partner builds the enclaves.

Source:
http://cities.expressindia.com/fullstory.php?newsid=191888