The estimated real estate output value will contribute 15.5% to the total economic output in 2047 from an existing share of 7.3%, mentions the report, India Real Estate: Vision 2047, unveiled by M. Venkaiah Naidu, former vice president of India at NAREDCOs Silver Jubilee Celebration event in Hyderabad.
The apartment spread over 7,459 sq ft on the 60th floor of the tower Oberoi Three Sixty West and the deal values it at nearly Rs 1.29 lakh per sq ft, making it one of the most expensive residential transactions ever. Based on the 6,779-sq-ft carpet area, the apartment is valued at over Rs 1.42 lakh per sq ft.