Unlocking Job Opportunities: India's Real Estate Sector to Drive Employment Growth
The real estate sector in India is poised to become a significant employment generation hub, with an estimated 18.7% growth rate, making it the second-largest employer after agriculture.
Real EstateEmployment GenerationIndiaMumbaiNsdcReal Estate MumbaiOct 05, 2024
Frequently Asked Questions
What is the growth rate of the real estate sector in India?
The real estate sector in India is expected to grow at an estimated 18.7% rate.
How many jobs is the real estate sector expected to generate by 2025?
The real estate sector is expected to generate over 50 million jobs by 2025.
What are the factors driving the growth of the real estate sector in India?
The growth of the real estate sector is attributed to various factors, including the government's initiatives to boost affordable housing, increasing demand for office spaces, and the growing need for infrastructure development.
Which city is one of the major hubs for real estate development in India?
Mumbai is one of the major hubs for real estate development in India.
What is the significance of the real estate sector in India's economy?
The real estate sector is a significant contributor to the country's GDP and provides employment opportunities to millions of people.
Related News Articles
Redefining Pune's Real Estate Landscape: Tayal Corp's Commitment to Innovation
Tayal Corp, formerly Unique Spaces, is transforming Pune's real estate scene with its innovative approach and commitment to quality.
OYO Acquires Iconic Motel 6 Brand in $525 Million Deal, Eyes US Expansion
OYO to acquire Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million, expanding its US presence.
Smile 2 Review: Naomi Scott's Struggles in the Spotlight
Director Parker Finn's 'Smile 2' delves into the chaotic life of pop star Skye Riley, played by Naomi Scott, but the film's ambitious exploration of mental health and fame often falters.
MahaRERA Halts Real Estate Project Grading Initiative Amid Regulatory Challenges
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to put on hold its proposed grading system for real estate projects in the state due to several regulatory constraints.
TARC Reports Rs 1,165 Crore Pre-Sales in Q3FY25
TARC, a leading real estate developer, has announced impressive pre-sales of Rs 1,165 crore during the third quarter of FY25. The company's flagship project, TARC Ishva, has been a significant contributor to this achievement, with notable sales of Rs 1,50
Limited Market Response Following RBI Repo Rate Cut
While the RBI's recent repo rate cut is expected to boost credit demand and improve net interest margins for banking and financial sectors, the overall market reaction has been lukewarm. The real estate sector, however, is expected to benefit in the mediu