The real estate sector is one of the major contributors to revenue of states and UTs, which collected an estimated Rs 2 lakh crore during last fiscal year in various forms, including stamp duties, according to a Naredco-Knight Frank India report.
Institutional investments in the Indian real estate sector continued to grow at a robust pace of 37 year on year during the first quarter of 2023. The office sector was the biggest driver, cornering 55% of all investments made in Indian realty, followed by the residential sector which got 22% of overall funds during the quarter. , Real Estate News, Times Now