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Real Estate Industry in India
The Indian real estate market is expected to touch USD 180 bn by the year 2020. In India, Real Estate sector is the second largest employer after agriculture and is slated to grow at 30 per cent over the next decade. The sector has been the major beneficiary of the strong economic growth witnessed in India since the year 2000.There are many allied industries which benefit from growth of the real estate sector. That is why this sector has a huge multiplier effect on the economy.So as this sector grows, the national income grows multifold. The Finance Minister has allocated Rs.4000Cr for low cost housing and Rs. 50000 Cr. for urban housing.
According to ICRA, the construction industry ranks 3rd among the 14 major sectors which has direct, indirect and induced effects in all the sectors of the economy. This means that it not only generates employment in Real Estate sector but also stimulates demand in other related sectors like cement, steel, brick, paint, consumer durables, etc. Private equity (PE) funding has picked up in the last one year due to attractive valuations. The Indian Government introducing newer policies which arehelpful to real estate and due to that this sector has gained sufficient growth in recent times.

#real_estate_trends #property #investment  #property_investment #news
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www.skbdevelopers.com

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