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REAL ESTATE
December 2008
 
www.ibe.org
MARKET OVERVIEW
 
www.ibe.org
MARKET OVERVIEW
REAL ESTATE • December 2008
Market overview: Real estate
• Real estate industry is currently estimated to beUS$ 48 billion, with a CAGR o 30 per cent• Total economic value estimated to beUS$ 40-45 billion accounting or our tove per cent o the GDP• Growth driven primarily by IT/ITeS, growingpresence o oreign businesses in India, theglobalization o Indian corporates and, the rapidlyincreasing consumer class providing a hugemarket potential• The real etate sector is in an early growth stage,can be segmented into residential, commercial,retail and hospitality asset classes• Demand-supply gap across all segments orquality real estate
Source: Industry Sources, E&Y Analysis
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