Civil engineering depends largely on the real estate projects for survival. After the artificial boom and the consequent bust of real estate during 96-99, the industry started limping back to normal and is now in the process of stabilization. With real estate having once again emerged as the viable alternate investment option, on account of the fact that both gold and share market trends are not very encouraging. The shake out of the industry has resulted in strong players, thus resulting in the elimination of newcomers to the industry, who could not sustain the unstability and get immediate profits. Real estate will also never really fail, thanks to the increase in population and urbanization. Though the interest rates on housing by financial institutions are currently favoring buyers. Experts concur that actual home-buyers should therefore act without delay, as the industry is slowly climbing to a peak. |
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