Real estate sector in India is expected to reach US$ 1 trillion by year 2030 from US$ 120 billion in 2017 and contribute 13 per cent of the country’s GDP by 2025. Retail, hospitality and commercial real estate are also growing significantly, providing the much-needed infrastructure for India's growing needs.
Tech-industries – Major industry boosters
Sectors such as IT and IT Enabled Services, retail, consulting and e-commerce have registered high demand for office space in recent times. Commercial office stock in India is crossed 600 million square feet in 2018 and is expected to cross 100 million square feet during 2018-20. Co-working space across top seven cities has increased sharply in 2018, reaching 3.44 million square feet, compared to 1.11 million square feet for the same period in 2017.
Indian real estate sector attracted institutional investments worth US$ 30 billion. Private Equity and Venture Capital investments in the sector reached US$ 4.47 billion in 2018 and US$ 546 million in Jan-Feb 2019.
According to data released by Department of Industrial Policy and Promotion (DIPP), the construction development sector in India has received Foreign Direct Investment (FDI) equity inflows to the tune of US$ 24.91 billion in the period April 2000-December 2018.