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The Indian Real Estate sector is likely to attract massive investment in the upcoming years, according to Vice President M Venkaiah Naidu, and the industry is likely to grow to a US Dollar 10 billion by 2020. Well, the real estate industry in the country grew over the last few years. The demand for quality homes has also increased in various parts of the country. The demand for commercial spaces, too, is on the rise. Evidently, investors from all over the country are interested in buying these properties. Apart from this, the Indian real estate market report reveals that the sector has also attracted foreign investment in the last quarters. The government has implemented a number of regulatory policies in the real estate sector. As a result, the transparency in the industry has increased. The investors are more confident to invest in property in the country. This includes both residential and commercial properties. According to the Indian real estate market forecast 2020, the industry is likely to grow to a US $10 billion economy. The sector has a great potential to attract investors from various parts of the country, thanks to the regulatory measures incorporated by the government.
After the inauguration of the 28th All India Builder’s Convention, Mr. Naidu stated that the according to the DIPP (Department of Industrial Policy & Promotion), the construction development segment in the country has attracted around US Dollar 24.54 billion investment between April 2000 and June 2017. Experts are of the opinion that the real estate market in India is likely to touch USD $10 billion by 2020. The government has incorporated a number of regulatory measures in the real estate industry in India. As a result, the private equity investments in the real estate sector are likely to rise.
The India overview of the real estate industry in the upcoming years seems to be impressive. The government has also taken a number of measures for the development of the real estate industry. The progress of real estate sector in India is evident from the fact that the government has decided to develop 100 smart cities across the country. It is necessary for the infrastructure in these projects to meet the global standards. Evidently, the Union Government has come up with the Ministry for Skill Development, a separate sector to increase the productivity of the workforce in India. This will ensure that the standards of the upcoming projects meet the global quality and skill levels.
According to the real estate sector analysis, the Indian economy is likely to witness a growth rate of 7.2% in 2019-19. In the next 10-15 years, the country is projected to be the world’s third-largest economy. Well, the Indian real estate sector trends reveal that the industry is recovering from the shocks of the government policies and is likely to attract more investments in future.
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