Real estate space to touch Rs 11 lakh crore size by 2020

Thursday 15th March, 2018

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REAL ESTATE SPACE TO TOUCH 1 LAKH CRORE SIZE BY 2020
' 1 /() - housing sector's contribution to GDP is expected to double by 2020
3-4% -cost savings on account of GST likely in the near future 1 2 ^ rise in private equity and debt investments in real estate across 79 deals in 2017
$6.1 6 billion - investments in retail projects in Tier I & II cities during 2006-17 ?59,000?? - investments in residential sector since 2014
4~l% - it forms the total invested money in real estate Regulatory reforms, steady demand generated through rapid urbanisation, rising household income and the emergence of affordable housing and nuclear housing are some of the key drivers of growth for the sector
"1 50%-rise in PEflows in office & IT/ITeS for 2014-17 over previous seven years' inflows combined
The Indian real estate sector is projected to reach a market size of Rs 11 lakh crore by 2020, a sharp 37% rise from Rs 8 lakh crore in 2015, according to joint report by developers' association Credai and consultant JLL