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 relaxations in FDI regulations.
Real EstateFdiIndiaHousingSmart CitiesReal EstateJul 11, 2024
The government's introduction of the Real Estate (Regulation and Development) Act, 2016 (RERA) has brought much-needed transparency to the sector, leading to disciplined growth and sustainability solutions. Since its enactment, over 1.25 lakh projects have been registered under RERA across the country.
Industry leaders believe that the housing and real estate sector needs a constant push to achieve the goal of 'Viksit Bharat' by 2047. This push will not only generate more employment opportunities but also contribute significantly to the country's GDP. The real estate sector is currently valued at Rs 24 lakh crore, with a GDP contribution of around 13.8%.
In a bid to provide 'ease of living' and dignity to millions of Indians, the government has decided to further expand the Pradhan Mantri Awas Yojana (PMAY) and construct 3 crore additional rural and urban houses. This move is expected to give a significant boost to the sector, attracting more foreign investment and driving growth.
Information
ASSOCHAM (Associated Chambers of Commerce and Industry of India) is a leading industry body that represents the interests of various industries in India. Haryana RERA (Real Estate Regulatory Authority) is a regulatory body established by the government of Haryana to regulate the real estate sector in the state. Signature Global (India) is a leading real estate developer in India.
ASSOCHAM is a leading industry body that represents the interests of various industries in India. The organization has been at the forefront of promoting industry-friendly policies and initiatives that drive economic growth.
Frequently Asked Questions
What is the expected growth rate of FDI in India's real estate sector by 2025?
20%
What are the key drivers of growth in India's real estate sector?
Rapid urbanization, smart cities, and relaxations in FDI regulations
What is the current valuation of India's real estate sector?
Rs 24 lakh crore
What is the government's plan to provide affordable housing to millions of Indians?
Expansion of Pradhan Mantri Awas Yojana (PMAY) to construct 3 crore additional rural and urban houses
What is the contribution of the real estate sector to India's GDP?
Around 13.8%
Related News Articles
Budget 2024: Government's Focus on Housing Sector to Stimulate Real Estate Market
The Union Budget 2024 has provided a significant boost to the real estate sector, with a focus on urban development and affordable housing.
Revitalising India's Urban Landscape: The Rise of Redevelopment
India's real estate sector is witnessing a new trend as redevelopment gains momentum in major cities like Mumbai, Delhi-NCR, Surat, and Bengaluru.
Rajiv Bajaj's Rishabh Family Trust Acquires Prime Land in Pune for Rs 72 Crore
In a significant real estate deal, Rishabh Family Trust, one of the prominent family trusts managed by Rajivnayan Bajaj, has purchased a land parcel in Pune's upscale Koregaon Park for a whopping Rs 72 crore.
Trump Organisation Joins Forces with Dar Global for Luxurious Real Estate Ventures in Riyadh
The Trump Organisation, a renowned real estate firm, has partnered with Dar Global to launch new luxury projects in Riyadh. This collaboration builds on their previous successful ventures, including a golf resort in Oman and projects in Dubai and Jeddah.
From Setback to Success: Kiran Joshua and the Rise of Bhandhan Properties
In Bengaluru, the real estate industry is often marred by fraudulent practices, but Kiran Joshua's journey with Bhandhan Properties stands out as a beacon of trust and growth.
New Tax Regime: An Advantage for Gen X - Money News
The new tax regime introduced by the government aims to benefit Gen X by only taxing incomes above ₹12 lakh. This has significant implications for real estate investments like Airbnb rentals.