Real estate industry to grow five-fold to $1 trn by 2030: Housing Secy

Durga Shanker Mishra says that in line with PM's vision of 'Housing for All by 2022', some 11.2 mn houses have been sanctioned and 5 mn have already been allotted

The size of real estate sector is expected reach $1 trillion by 2030 from $200 billion at present, said Durga Shanker Mishra, Secretary, Ministry of Housing and Urban Affairs at a real estate conference held by CII on Wednesday.

Mishra said that in line with the Prime Minister's vision of 'Housing for All by 2022', about 11.2 million houses have been sanctioned and five million have already been allotted to beneficiaries.

Giving an overview of slew of reforms, he said that RERA (Real Estate Regulation & Development Act) has greatly helped in transforming the image of the industry. With West