The real estate sector of India is projected to post annual revenues of US$ 180 billion by 2020 against US$ 66.8 billion in 2010-11, a compound annual growth rate (CAGR) of 11.6 per cent. The Indian retail realty sector is to grow at around 15 per cent year-on-year over the next 3-5 years as against a 12-13 per cent nominal growth of India's GDP estimated by the International Monetary Fund (IMF). Then it will touch Rs 34 trillion (US$ 544.73 billion) by 2016. India's office space stock is estimated to rise by 40 per cent to 642.2 million sq ft by 2017 according to industry sources.
The construction development sector, including townships, housing and built-up infrastructure garnered total FDI worth US$ 22,671.95 million in the period April 2000-August 2013.
Construction (infrastructure) activities during the period received FDI worth US$ 2,280.95 million, according to the Department of Industrial Policy and Promotion (DIPP). India needs to invest about US$ 1.2 trillion over the next 20 years to modernize urban infrastructure and keep pace with the burgeoning urbanization.