New Delhi: Most things in a country’s economy are closely linked to each other. Real estate is dependent on the economy of the country and demand for construction materials is dependent on the growth of the real estate sector. Major construction commodities such as steel, copper, aluminum, iron and cement do well when the real estate sector is growing.According to studies the economic performance of India has not been able to bring good news to either the real estate sector or the commodities needed for construction. However growth in the real estate sector has not been made stagnant due to the rapid urbanization of India and the pressure on the government to cover the housing shortage. A report from the Federation of Indian Chambers of Commerce and Industry states that by 2050 almost 900 million Indian people will be living in the cities. This migration of the rural population to the cities will put a lot of pressure on urban infrastructure and estimates show that there has already been a shortage of 18.78 million houses in 2012.There are almost no houses for the economically weaker sections. The present housings are either in pitiable conditions or too congested. Hopes are now being piled on the new Real Estate (Regulation and Development) Bill. The bill will make things turn out to be fairer for buyers. If the bewildering and evil practices are removed the real estate sector can have hope of being revived. Growth of new townships and houses will mean growth for infrastructure which will in turn lead to demand for steel, iron and other building materials. The depreciation of the rupee is also encouraging NRI (non-resident Indian) investments in Indian real estate. The transparency lent to real estate dealings by the new Bill is also earning the NRI trust. Overall while the fall of the economy can have a domino effect on the rest of the country’s affairs, maybe the effect is to be reversed by a single (long pending) reform bill.займ на карту без отказов круглосуточновзять кредит онлайн