Real estate industry of India can be attributed to the propensity to alter the face of India in global front

You might have experienced new construction surrounding you. With each passing day, you are surely determining that the intensity of fresh constructions is ever increasing than what it was in the past. The increasing nature of Indian real estate industry are being facilitated by the increasing population  demanding the need of  shelter and raising income level demanding the need of retail stores and other daily requisites. The real estate sector involves the housing, retail, hospitality and commercial. You would be amazed to know that the contribution of housing sector in India’s GDP is mere 6%, a lion’s share being contributed by the retail, hospitality and commercial sector.

The splurge of the realestate industry of India can be attributed to the propensity to alter the face of India in global front. The rapid urbanization, education, healthcare and tourism have generated infrastructural demand so much so that during 2010-11, its earnings were US $66.8 billion. Various fortune 500 companies have already ventured into Indian real estate business to generate enough profit from the same. Reports predict that by 2020, Indian real estate could earn revenue as high as US$ 180 billion that you might not have professed.