Real estate may add 13% to India's GDP by 2025. Here are the hurdles that lie ahead

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February 5, 2019

Real estate may add 13% to India’s GDP by 2025. Here are the hurdles that lie ahead

People in India would live an average 4.3 years longer if the country met the global guidelines for particulate pollution, according to the Air Quality-Life Index (AQLI) report by the Energy Policy Institute at the University of Chicago (EPIC). The report noted that the effect of pollution on life expectancy is worse than HIV/AIDS, cigarette smoking and even terrorism.

The Indian real estate sector is expected to contribute 13 percent to the country’s gross domestic product (GDP) by 2025, according to the ‘Indian Real Estate and Construction: Consolidating for growth’ report by National Real Estate Development Council (NAREDCO) and Asia Pacific Real Estate Association (APREA).

In 2017, the realty sector contributed about 6-7 percent to India’s GDP. The sector is expected to touch $1 trillion by 2030, becoming the third largest globally.

Apart from its contribution to India’s GDP, the growth of this sector holds significance as it is the third largest employer, after agriculture and manufacturing, in the country and presently employs over 50 million people.

Even though the overall business sentiment in 2018 turned positive owing to the current government’s focus on affordable housing, regulatory reforms, and infrastructure status to warehousing, there are challenges that continue to exist. Here are some of the major challenges that lie ahead:

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