According to a
report, The contribution of the real estate sector to India's GDP (Gross
Domestic Production) has been estimated at 6.3% in 2013, and the segment is
expected to generate 76 lakh jobs in the same period,
"The Indian real
estate and construction industry is an integral part of the economy & plays
an important role in the development of the country's infrastructure base and
is one of the largest generators of economic activity," the report by
global property consultant CBRE said.
Highlights of CBRE
Report..!
* Assessing the Economic Impact of India's Real
Estate Sector, was released by Minister of Housing and Urban Poverty
Alleviation Ms. Girija Vyas at the inaugural session of Natcon 2013 in Moscow,
the flagship real estate event of Confederation of Real Estate Developers'
Associations of India (CREDAI).
* India's real estate
sector is estimated to have a total supply pipeline of close to 360 crore
square feet lined up for completion in the year 2013, with about 98% of this
being concentrated in the residential segment.
* The potential for
development and growth in the real estate sector is tremendous. It is expected
to generate more than over 1.70 crore employment opportunities across the
country by 2025, thereby making a significant contribution to the GDP.
* The total economic
footprint generated by construction of this real estate pipeline will require a
total investment of about Rs. 2.54,000 crore, it said, adding that it will help
generate revenues worth Rs. 3.70,000 crore and provide jobs to about 76 lakh
people across the country in 2013.
Anshuman Magazine, Chairman & MD, CBRE
South Asia Pvt Ltd said."The total
contribution of the real estate sector to the national GDP has been estimated
to be about 6.3% in 2013 alone" .
No comments:
Post a Comment