Budget 2017 wishlist: Expectations from the real estate sector

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BUDGET 2017 – Industry size: India’s real estate market is expected to touch $180 billion by 2020
Source: India Brand Equity Foundation

Employment figure: The Indian real estate sector has backward and forward linkages to approximately 265 ancillary industries. It employs over 50 million people. In India, real estate is the largest employer after agriculture and is slated to grow at 30 per cent over the next decade
Source: National Skill Development Corp

Contribution to gross domestic product (GDP): Real estate contributes over six per cent to the country’s GDP
Source: India Brand Equity Foundation

Key issues or areas of concern for the sector

Slow pace of sales leading to large unsold inventory (large demand-supply gap)
Lack of investment support and insufficient funds, especially for project construction. READ MORE

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