China’s real estate challenges are directly linked to their GDP in China, the real estate sector’s contribution to GDP is almost 30 percent; in India 5.5 to 6 percent. Even in the next 25 years it will not be more than 15 percent, say real estate experts.
CNBC-Awaaz concludes its 14th Real Estate Awards & Conclave indiantelevision.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiantelevision.com Daily Mail and Mail on Sunday newspapers.
“Almost 50% sold in August were properties costing above a crore. About 14% apartments are upwards of Rs 5 crore. This segment used to be very small a year and a half or two back. Luxury housing all over the country was in a bad phase. It is only last year, in a year and a half, that luxury housing has been growing in sizes like never before.”
India s booming
construction sector, driven by expanding urban housing demand
and state spending on infrastructure such as roads, could add up
to 30 million jobs by March 2030 to the current 70.
India s booming construction sector could add 30mln jobs by 2030 zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.