The rapid growth of the Indian economy has witnessed a cascading effect on demand for commercial property to help the needs of business, such as modern offices, warehouses, hotels and retail shopping centers.
Rising income levels of a growing middle class along with increase in nuclear families, low interest rates, modern attitudes towards home ownership (the average age of a new homeowner in 2006 was 32 years compared with 45 years a decade ago) and a change of attitude amongst the young working population from that of 'save and buy' to 'buy and repay' have all combined to boost housing demand.
The diversity of Indian culture is represented in its architecture. Indian architecture comprises a blend of ancient and varied native traditions, with building types, forms and technologies from West, Central Asia, and Europe. In contrast most major cities in the world have splendid modern buildings to boast off, most often these architects employ a hybrid style that is a free mix of all styles. This new-age architectural aesthetics has redefined the idea of space. The emphasis now seems to be on having more Open spaces, Gardening and Natural lighting.
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