Real estate poised for a big leap: How this will contribute to India’s growth story Financial Express
In a news that has brought cheers to the Indian realty market, Knight Frank and CII have reported that the sector will grow three-fold in the coming decade and is expected to reach USD 1.5 trillion by 2034, contributing 10.5% of the country’s total economic output, translating a phenomenal increase of 3.2%. At present, the sector’s contribution to the GDP is 7.3%. On a deeper data analysis, the report shows that the residential segment is expected to reach USD 906 billion by 2034. The contribution of the office segment, on the other hand, is expected to be USD 125 billion. It is followed by land for manufacturing activities and warehousing.
