The Real Success Story of Indian Real Estate
The real estate sector is one of the most globally recognised industries, with the Indian market leading as one of the world’s most attractive investment hubs. While the pandemic resulted in an economic slowdown world over, the Indian real estate sector remained relatively resilient.
Further, as per research by the India Brand Equity Foundation, the Indian real estate industry is on a steady growth trajectory, projected to account for $1 trillion by 2030, and is expected to contribute up to 13% of the GDP by 2025. Propelled by macroeconomic factors such as the country’s robust economic growth, infrastructural development, increased influx of foreign investment, etc., the sector is primed to experience exponential growth in the upcoming years.
Driving Employment Rates Across Industries
In light of these factors, it comes as no surprise that the sector is the second biggest employment generator in the country. According to the latest research by a leading real estate consultancy and the National Real Estate Development Council (NAREDCO), employment in the sector has shot up to 7.1 crore from 4 crore in 2015. The report further goes on to state that industry makes up a whopping 18% of the country’s workforce and is connected to 250 ancillary industries.
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