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The real estate industry in India is expected to reach a market size of $1tn by 2030: Preqin

Thursday, June 13, 2019

Laxman Pai, Opalesque Asia:

The real estate industry in India is expected to reach a market size of $1tn by 2030, up from $120bn in 2017, and to contribute 13% of the country's GDP by 2025, said a report.

"India has historically been a non-traditional investment market, particularly in the case of real estate. Yet, there are signs that this could now be changing," said Lauren Mason in Preqin Insights.

Retail, hospitality and commercial real estate are growing significantly in India, providing the much-needed infrastructure to accommodate the needs of a country that is developing rapidly and expanding in all areas, said the report.

According to data released by India's Department of Industrial Policy and Promotion (DIPP), the development sector in India has received FDI equity inflow of around $25bn in the period April 2000 to December 2018.

Together with the implementation of the Real Estate (Regulation and Development) Act 2016 (RERA), which requires all projects to have approvals before entering the market (reducing the number of projects that are inclined to fail or that are corrupt), this means that the increasing flow of FDI into Indian real estate is encouraging greater transparency.

In order to attract funding, developers have therefore revamped their operations to meet due diligence standards, and are encouraging both domestic and foreign investors for the cash injection that the industry needs.

A wave of foreign investor......................

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