9 Surprising Facts about Indian Real Estate Sector

  • Second Biggest Job provider

    The real estate sector has been estimated to grow over 30% in the next decade, making it one of the fastest growing sectors in India. It is also the sector which is the second biggest employer in India. The gross domestic product contributed by the housing sector alone amounts to more than 5%.

  • Lavish and Expensive Homes

    Although foreign media and movies often like to showcase about poverty in India, it is also a fact that the most expensive home in the world is not in America or Europe or even in the oil-rich UAE, it is right here in India! This 27-storied home belongs to one of the richest people in the world-Mukesh Ambani. Built at the cost of $1 billion, “Antilia” is also the tallest independent home in India.

  • High-priced commercial market

    India is also home to one of the most expensive prime office markets in the entire world, which is in New Delhi-The Connaught Place Central Business District.

  • Largest Residential Colony

    The largest residential colony in Asia is located in India. This is in Patna and is named as Kankarbagh, spread in a sprawling 900 acres of land area.

  • Unexampled buildings

    India is home to rich traditions and cultures that have made their mark on the lifestyle of people and architecture of modern real estate. An example is the Mattancherry Palace in Kochi, Kerala, which has floors that look like black marble, but is made of a combination of jaggery, buttermilk, and egg white!

  • Half of World’s households

    The number of families in India exceeds the population of half of the world.

  • Rapid Market Growth

    The real estate market is estimated to have a CAGR (compound annual growth rate) of 11.2% and is expected to touch $180 billion by the year 2020.

  • Foreign Investment

    The real estate sector in India is a magnet for foreign investors. The total foreign direct investment in India was more than $24 billion between April 2000 and March 2016. The construction sector alone attracted more than 8% of the total FDI influx.

  • Increasing Demand

    In the top 8 cities, the demand for housing is growing at an exponential rate with more than 4 million units required between the year 2016 and 2020.  Of these cities, the Delhi-NCR region tops the list with appx. 25% of the demand for housing across various categories.

    All of these facts point toward the astounding potential of Indian Real Estate market and significant contribution of real estate sector to the Indian economy.

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    Source: ET Realty