Real estate in India, driven by the economic growth is expected to make India the fastest growing economies in the coming years. India’s 5% of the GDP is contributed by its real estate and the total revenue generated in 2010-2011 was about $66.8 billion. In the last decade itself FDI of more than US $9 billion was infused in the real estate sector in India to meet the growing requirements of space from different sectors as education, healthcare and tourism. 11% of the total FDI in India in 2010 was used in the real estate sector.
There has been an increase in the private equity funds that has been invested in this sector. Sahara India, DLF and Pride Group of Hotels have ventured with their investments in some upcoming new projects to meet the demand. It is possible to invest upto 100% of FDI to develop townships and settlements with the Government’s permission. In 2011 US $1,700 million was invested in the real estate in India. Mr Pranab Mukherjee, in his 2011-2012 budget presented different initiatives for the real estate sector in India. Real estate is the second largest employer after agriculture in India. India develops with the growth and development of the real estate
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