India's Real Estate Sector Poised for 20% FDI Growth by 2025
Foreign direct investment in India's real estate sector is expected to grow at 20% by 2025, driven by rapid urbanization, smart cities, and relaxation in FDI regulations.
Fdi In Real EstateIndian Real Estate SectorReraAssochamSignature Global IndiaReal EstateJul 10, 2024
The Real Estate (Regulation and Development) Act, 2016, also known as RERA, was introduced to bring transparency and discipline to the sector. Since its enactment, over 1.25 lakh projects have been registered under RERA across India. Sanjeev Kumar Arora, Member, Haryana RERA, emphasized the importance of RERA in promoting sustainable growth in the sector.
Pradeep Aggarwal, Chairman, National Council on Real Estate, Housing and Urban Development, ASSOCHAM, and Chairman, Signature Global (India), highlighted the significance of the housing and real estate sector in achieving the goal of 'Viksit Bharat' by 2047. He emphasized that the sector needs a constant push to generate more employment opportunities and contribute to India's economic growth.
The Indian real estate market is valued at Rs 24 lakh crore, with a GDP contribution of around 13.8%. The government's decision to expand the Pradhan Mantri Awas Yojana (PMAY) and construct 3 crore additional rural and urban houses is expected to give a further boost to the sector. This initiative aims to provide affordable housing to crores of Indians, ensuring a better quality of life.
ASSOCHAM, a leading industry association, has been instrumental in promoting the growth of the real estate sector in India. Signature Global (India), a prominent real estate developer, has been at the forefront of providing affordable housing solutions in the country.
Information ASSOCHAM (The Associated Chambers of Commerce and Industry of India) is a leading industry association that promotes the growth of various sectors, including real estate, in India. Signature Global (India) is a prominent real estate developer that provides affordable housing solutions in the country.
ASSOCHAM (The Associated Chambers of Commerce and Industry of India) is a leading industry association that promotes the growth of various sectors, including real estate, in India. Signature Global (India) is a prominent real estate developer that provides affordable housing solutions in the country.
Frequently Asked Questions
What is the expected growth rate of FDI in India's real estate sector by 2025?
20%
What is the value of the Indian real estate market?
Rs 24 lakh crore
What is the GDP contribution of the real estate sector in India?
Around 13.8%
What is the objective of the Pradhan Mantri Awas Yojana (PMAY)?
To provide affordable housing to crores of Indians
What is the role of ASSOCHAM in the real estate sector?
To promote the growth of the sector
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