India's real estate sector to reach $180 billion by 2020, says report

Regulatory reforms, steady demand generated through rapid urbanisation, rising household income and the emergence of affordable and nuclear housing are some of the key drivers of growth for the sector

India's real estate sector is projected to reach $180 billion by 2020 from $126 billion in 2015, according to a joint report by CREDAI and JLL.
 
Investment inflows in the housing sector since 2014 have been Rs 590 billion, about 47 per cent of the total invested money in real estate, it said.
 
The report also said that the contribution of the residential segment to the GDP would almost double to 11 per cent by 2020. Released on Wednesday at CREDAI Conclave 2018, the report traces 7 trends that will change the way real estate business will happen