India's Real Estate Sector Thrives Under PM Modi's Leadership
Lieutenant Governor Manoj Sinha highlights the significant growth in India's real estate sector, emphasizing the government's efforts to promote homeownership and benefit workers and their families.
Real EstateHomeownershipPm ModiJkProperty PricesReal EstateSep 25, 2025
Addressing the council, Sinha stated, “Under PM housing schemes, new homes are being approved. This sector is expected to attract investments of around ₹10 lakh crore and could reach $1.04 trillion by 2040.” The real estate sector, after agriculture, has become the second largest employment provider in India. However, challenges remain, as buyers have often had to wait years for possession. Many developers merge projects, and those who wanted homes sometimes did not even get a roof.
Earlier, India did not have mechanisms to handle these issues. Today, the entire country is realizing the dream of homeownership, and people are showing patience under PM Modi’s guidance. Sinha highlighted that now all relevant information is in the public domain. He stressed, “Real estate development should benefit workers and their families, providing for their health and education.”
Welcoming the participants to J&K, Lieutenant Governor Manoj Sinha said, “I welcome all to J&K. Over the past few decades, real estate has grown significantly and can become a key sector for the economy.” He noted the growth in the luxury housing segment and the increase in property prices, with annual growth around 14–15%, and further increases are possible.
Sinha stressed, “We must ensure that workers and their families can meet their needs.” He also mentioned that J&K has successfully implemented systems with transparency and all other necessary measures to support the real estate sector.
The real estate sector in India has seen significant growth over the past few years, with annual property price increases of around 14–15%. This growth is expected to continue, driven by government initiatives and increased transparency in the sector. The focus on benefiting workers and their families is a crucial aspect of the government’s strategy to promote sustainable and inclusive development in the real estate market.
Frequently Asked Questions
What is the expected investment in the real estate sector under PM Modi's leadership?
The real estate sector is expected to attract investments of around ₹10 lakh crore and could reach $1.04 trillion by 2040.
What is the current annual growth rate of property prices in India?
The current annual growth rate of property prices in India is around 14–15%.
How has the real estate sector grown in terms of employment?
After agriculture, real estate has become the second largest employment provider in India.
What challenges are faced by buyers in the real estate sector?
Buyers have often had to wait years for possession, and many developers merge projects, sometimes leaving those who wanted homes without a roof.
What measures have been implemented to ensure transparency in the real estate sector?
All relevant information is now in the public domain, and J&K has successfully implemented systems with transparency and all other necessary measures to support the real estate sector.
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