Poket News

Real estate sector expected to reach market size of 1 trillion dollars

 

  • NITI Aayog CEO, Mr. Amitabh Kant said that India’s real estate sector is expected to reach a market size of 1 trillion dollars and contribute 18-20% of the country’s GDP by 2030. 
  • Mr. Kant said housing sales are recovering, buoyant by the decade low mortgage rates. 
  • He added that the Smart City Project, which aims to build 100 smart cities, is a prime opportunity for real estate companies.