The real estate sector is a mainstream sector as it attracts lots of consumer interest. It is itself a very vast sector that is covering a major part of countries GDP. Here are some facts listed by leading real estate developer Arun Dev Builders about the Indian real estate sector that will surely astound you.
1. P R E S E N T E D B Y A R U N D E V B U I L D E R S
10 Facts About The Indian Realty
Sector That Will Surprise You
www.arundevbuilers.co.in
2. Second largest
employer
After agriculture, the real
estate sector is the second
largest employer in India. This
sector is anticipated to grow at
30% in coming years. The
housing sector single-
handedly contributes over 5-
6% to the country's total Gross
Domestic Product (GDP).
After agriculture, the
real estate sector is
the second largest
employer in India.
This sector is
anticipated to grow
at 30% in coming
years. The housing
sector single-
handedly contributes
over 5-6% to the
country's total Gross
Domestic Product
(GDP).
Second largest
employer
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3. India houses the
most expensive
home
India houses the most
luxurious and expensive house
in the world- Antilia which is
owned by Mukesh Ambani.
The 27 stories building
incurred a construction cost of
about $1 billion and is the
tallest independent dwelling in
India. The building can endure
earthquakes of magnitudes up
to 8.0 on the Richter scale.
India houses the most
luxurious and
expensive house in the
world- Antilia which is
owned by Mukesh
Ambani. The 27 stories
building incurred a
construction cost of
about $1 billion and is
the tallest independent
dwelling in India. The
building can endure
earthquakes of
magnitudes up to 8.0
on the Richter scale.
India houses the
most expensive
home
www.arundevbuilers.co.in
4. A ginger-bread
house
The Mattancherry
Palace in Kochi
boasts of floors made
with egg white,
buttermilk and
jaggery. It resembles
polished black
marble; however it is
actually made using
processed edible
materials.
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5. Second highest
number of
households
There are more than
248,408,494
households in India,
equivalent to that of
China, a figure which
surpasses the
population of half of
the world's countries.
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6. 7th pricey office
market
New Delhi's Central
Business District
Connaught Place is
ranked at seventh
position among the
most expensive
corporate markets in
the world with an
yearly occupancy cost
of $149.71 per sq ft.
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7. Largest colony
in Asia
India is home to one
of the biggest
residential colonies
in Asia named
Kankarbagh in
Patna, sprawling
over an area of 900
acres.
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8. Rapidly-growing
market size
The Indian real
estate industry is
likely to tap $180
billion by 2020.
During the period
FY2008-2020, the
market size of this
sector will increase at
a Compound Annual
Growth Rate (CAGR)
of 11.2%.
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9. Money bag
In totality, the Foreign
Direct Investment
(FDI) in the real estate
sector amounted
$24.188 Billion from
April 2000 to March
2016. Total increasing
inflows in the
construction and
development sector
stood at 8.4% of total
inflows in India.
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10. Huge demand
Overall demand for
urban housing is
projected at 4.2
million units for the
duration of 2016-
2020 across the top
eight cities. The
urban housing
demand is the
highest in Delhi-NCR
amongst the top 8
cities, accounting
almost 24-26% of the
demand in every
category.
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11. Real estate
sector lacks
buyers
More than 450,000
homes stay unsold in
the top metro cities
like Noida, Gurgaon,
Mumbai, Kolkata,
Pune, Bengaluru,
Hyderabad, and
Chennai, even
though the demand
is high. The reason
behind is that homes
are either overpriced
or are not situated at
a good location.
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