Real estate sector to contribute 13% to India’s GDP by 2025

According to a report released in August by the Indian Real Estate Industry, the real estate market is all set to reach a market size of $1 trillion by 2030, and will contribute 13 per cent to the GDP by 2025.

The report also predicts the market growth to go up to $9.30 billion (about Rs 65,000 crore) by 2040.

As per the Department of Promotion of Industry and Internal Trade Policy (DPIIT), the real estate sector is also the third largest sector in terms of FDI flow, it is second largest employment generator, and third largest sector to induce economic growth.

The sector that deals with housing, retain, hospitality and commercial is expanding with multi-fold increase in demand and growth in mandate from urban and semi-urban accommodations.

Real estate is ranked third among the 14 major sectors in terms of direct and indirect or induced impact on all the sectors of the economy.

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