Real Estate in India-Evolving, Growing, and Redeveloping at the Same Time, Says a Study

Get latest articles and stories on Business at LatestLY. Delhi- The joint study by PHD Chamber of Commerce and Industry(PHCDII) and Grant Thornton Bharat throws light on the potential growth statistics of the real estate sector. As per the observations made in the PHD Chamber of Commerce and Industry report titled ‘Realising the potential of real estate’ released last week, the real estate sector is pegged to grow to 18% by 2030 from the current level of 7-8%. The report comes against the backdrop when the real estate sector is the second-highest employment-generating economic sector, contributing 5%-6% to the country’s GDP. The report outlined that the real estate sector is expected to contribute 13% to the Indian GDP by 2025.

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