Advisory Center for Affordable Settlements & Housing

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Document Type General
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Published By Credai of India
Edited By Saba Bilquis
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REAL ESTATE AND GROWTH OF ECONOMY – INDIA

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Document Type: General
Publish Date: Un-dated
Primary Author: Credai
Edited By: Tabassum Rahmani
Published By: Credai of India

This document converses on growth engine of the Indian economy. Real estate plays a crucial role in the Indian economy. It is the second largest employer after agriculture and is slated to grow at 30% over the next decade. The Indian real estate market size is expected to touch $180 billion by 2020. The housing sector alone contributes to 5-6% of the country’s GDP. Retail, hospitality, and commercial real estate are also growing significantly, providing the much-needed infrastructure for India’s growing needs.

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