India Real Estate Latest Trends | Overview | Growth | Investments

June 8, 2021
Realty Sector in India to Surpass 1-Trillion USD Notch by 2030 – Housing Secretary

Speaking at a virtual event Mr Durga Shanker Mishra, Secretary of Housing and Urban Affairs Ministry mentioned that the size of the real estate sector is projected to cross USD 1 trillion by 2030. Emphasizing the real estate sector the Secretary mentioned that it is a key driver for the Indian economy as it contributes to around 11% share in the total employment generations.

The secretary said the realty sector had undergone an immense transformation in the past seven years and the implementation of the Real Estate Act, a.k.a as RERA, has played a vital role in surfacing the paradigm shift. Clearing the air he specifically mentioned that we are projecting to surpass 10 trillion USD by 2030 of which a big share of nearly 10 % is expected to come from the real estate sector. This sector holds a lot of vibrant elements and a potential to serve and suffice the needs of youth as from the point of view of employment and highlighted that out of 50 crore jobs, real estate provides 5.5 crore employment opportunities.

While responding to a question, Mr Mishra has shown his long-sightedness and has given a display of excellent future planning as he gave his inclination towards the development of PropTech platforms. The secretary also emphasized having robust digital platforms for a smooth and transparent real estate buying-selling process.

To connect the dots further, Mr Mishra asked CREDAI and NAREDCO, the two major associations for real estate, to develop a digital platform for real estate, similar to Amazon etc. He said that the data will be collected from realty developers’ end and then the same will be analyzed through data analytics tech. The index generated will give an insight into the further growth of the sector. Moreover, the insights from the index will be beneficial for homebuyers as well as policymakers.

Everything You Need to do if your Property Papers are Forged

Dozens of realty frauds are being reported on a daily basis in today’s time of which “Forging Frauds” cases have turned a lot common. As a fact of the matter, such cases have risen over the past few years and justice is still pending to the victims. But how even can a victim deal with such a situation? Here you will get to know everything that needs to be done to deal with this headache situation. Our team of experts discusses everything in case you are even

Lucknow Development Authority Reduce Interest Rate on Properties

Are you interested in buying a home or a commercial space in Lucknow? If yes, then this is probably a suitable time to make the investment, as the interest rate on the commercial and residential properties in Lucknow has been reduced by 2%. As per a report, the Lucknow Development Authority (LDA) has taken this decision to lessen the interest rate on the properties that are available for sale in Lucknow. The official of LDA informed that this 2% concession wi

Government to Analyze Developers’ Demands to Promote Realty Sector: Housing Secretary

In a bid to encourage investments in real estate in India, Shri Durga Shanker Mishra, Secretary of, Housing and Urban Affairs Ministry, emphasized that the government will analyze various demands proposed by the Realty developers. In a webinar session while responding to Mr Niranjan Hiranandani, President NAREDCO. The Secretary remained affirmative of taking up all the demands into consideration including the extension on the timeline for completion of projects by 6-7 months,