SME Times is powered by   
Search News
Just in:   • Iron Pillar to raise $400 mn to empower Indian tech startups: Report  • Crypto lending platform Celsius lays off 150 employees  • TN signs investment MoUs worth Rs 125,244 cr  • Tata Power to invest Rs 3,000 cr in TN for solar cell & module  • BYJU's closes $1 bn Aakash acquisition, $800 mn funds 'expected soon' 
Last updated: 06 Sep, 2018  

Realty.9.Thmb.jpg Realty sector on growth trajectory: Report

   Top Stories
» 'Time to move from 'Volume' to 'Value' leadership in Pharma market'
» Large borrowers' loan accounts and bad loans decline: RBI
» Kharif 2022: Rice, oil seeds sowing less, pulses, coarse cereals more over 2021
» RBI hits hard on Bitcoin, DeFi, crypto trading platforms
» Import duty on gold increased, may not impact demand
SME Times News Bureau | 06 Sep, 2018

The India real estate sector is on a growth path, driven by strong economic fundamentals, proactive reforms and the use of technology will continue to boost the sector, said a new report.

The report, 'Future of India Real Estate: Deciphering the Mid-term Perspective' added that apart from the conventional sectors, the emergence of alternative segment (student housing and senior living) and greater demand from sophisticated logistics in the warehousing space are expected to be the drivers for robust growth and a promising future for the sector.

The report was jointly published by industry body FICCI and JLL. It analyses the drivers and challenges facing the sector in the next 2 to 3 years.

 It said rapid urbanisation is expected to offer significant opportunities for real estate and infrastructure development in Indian cities.

This sector has witnessed high growth in recent times with the rise in demand for office as well as residential spaces. It is also important to note that the real estate developers have been instrumental in changing the face of India through building state-of-the-art infrastructure, buildings, townships, shopping malls spread all over the country, it said.

The report added India's recovery from the effects of demonetization and GST is reflected in 2018 Q1 GDP clocking an impressive 8.2% growth.

CPI inflation, which has been a concern in the recent past, is expected to remain at 4.7% in the annual forecast for median inflation (2018-19 and 2019-20).

Apart from the macro-economic indicators, inflection points observed within each category of real estate markets indicate an overall stable growth in the medium term, it said.

Sanjay Dutt, Chairman FICCI Real Estate Committee said, "The sector has been through a bumpy ride in the last couple of years, but the environment is changing and the sector is back in the spotlight with key indicators pointing at the revival of Indian real estate."

Ramesh Nair, CEO & Country Head, JLL India said, "India's real estate sector is at an inflection point and the evolutionary trends in the sector are paving the way towards sustainable growth of the industry." 
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 04 Jul, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» China's forex reserves reach USD 2.85 trillion(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter