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Indian real estate market may touch $180 bn by 2020: Report

IANS  |  New Delhi 

The sector in is likely to reach a market size of $180 billion by 2020, from $126 billion reported in 2015, a report said.

"The housing sector's contribution to the Indian GDP is expected to almost double to more than 11 per cent by 2020, up from estimated five to six per cent," said the CREDAI-report released at the inaugural session of CREDAI Conclave 2018 here on Wednesday.

The Confederation of Developers' Association in (CREDAI) is the apex body of private developers in the country, while, is a professional services firm specialising in real estate.

According to the report, the Real Estate Regulatory Act is expected to consolidate the in the country as it would force out unscrupulous developers.

The report further said: "Private equity and debt investments in real estate increased by 12 per cent on year-on-year (basis) across 79 transactions in 2017."

"Private equity inflows in office and and enabled services during 2014-2017 (year-to-date) are 150 per cent higher than the previius seven years' inflow combined," it added.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 19:36 IST
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