The Indian real estate industry is expected to reach a size of US$ 180 billion by 2020.
Rapid evolutionof the sector
The real estate sector in India is on arapid growth trajectory. Over a shortspan of time, the industry has evolvedfrom a highly fragmented andunorganised market into a semi-organised market, with a large numberof listed companies.
The Indian Government andprivate developers, realising thegrowing demand for affordablehousing, are strongly focussingon affordable housing.
The Government of India has well-drafted regulations for the Indian real estate sector.
FDI of up to 100 per cent isallowed under the automaticroute in most asset classes.
High growth in the servicessector —telecom, financialservices, IT & ITeS, etc.
There is a growing demandfor affordable housing andhigh rate of urbanisation.
Growing penetration of mortgage finance into theurban housing financemarket.
: CREDAI (Confederation of Real Estate Developers’ Association of India) website accessed on 12
March 2010Ernst & Young-FICCI Real Estate Report –2009Eleventh Five-year plan (2007–2012).
Real Estate April