🧮Executive Summary
The real estate industry is one of the most well-known industries in the world. It is categorized into four sectors: housing, retail, hospitality, and commercial. This sector's expansion is largely supported by the expansion of the business environment and the need for office space, as well as urban and semi-urban housing. Across terms of direct, indirect, and induced impacts in all sectors of the economy, the construction industry ranks third among the 14 key industries.
After the agricultural industry, the real estate sector generates the most jobs in India. India's real estate business is estimated to reach $1 trillion by 2030. By 2025, it will account for 13% of the country's GDP. Rapid urbanization is an excellent sign for the industry.
According to JLL India , the top seven Indian property markets had a 124 percent year-on-year increase in hostatisticsme sales at 32,358 apartments, while Knight Frank data revealed a 92 percent year-on-year increase in house sales across eight cities at around 64,010 units.
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