Rising Trends in Home Elevator Investments
India has been seeing a constant rise in Real estate investments since the late 90s. Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13 per cent of the country’s GDP by 2025. Thus, the statistics point to the fact that the market has never been healthier. The personal investments in the age demographic of 40 – 60 were constantly noticed to opt out real estate investments in preference to other investments such as Stocks and Bonds. This could directly attribute to the rising trends of elevator market in India. Rapid urbanization and globalization and the high demand has led to the fact that personal real estate’s such as Homes, Villas, Bungalows and Penthouses be constructed in the stringent amount of land available and the need to embellish the house and modernized solutions for the elderly in the house have taken a path that has skyrocketed in the recent years, noticeable from the year 2011. An el...