Real Estate: A mighty benefactor in the upswing of the Indian economy
According to a recent India Brand Equity Foundation (IBEF) analysis, the real estate sector in India is anticipated to rise to a market size of $1 trillion by 2030 and contribute 13 percent to the country’s GDP by 2025, up from 6 to 7 percent. Not only will the repressed demand drive prosperity, but the country is also seeing a structural shift in housing demand. This is due to a combination of first-time homeowners and consumers rising the property ladder to move to bigger houses or purchase a second home in another region. Durga Shanker Mishra, the Secretary of the…