The real estate sector is among the fastest growing sectors in India:

The real estate sector is among the fastest growing sectors in India, growing at a rate of 10 per cent per annum. Currently, the housing sector accounts for around 5 percent of India's GDP making it the second major contributor to the economy. Therefore, to meet the government's expectation of double-digit growth, it is important that the real estate sector is supported with conducive policies that will help it retain and improve the current growth rate. The residential segment, which comprises about 80 percent of the sector, is expected to grow significantly in the coming years. It is estimated that 10 million people are moving into cities every year.

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