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Construction : Web Exclusive | November 2018 | Source : CW-India

Real estate to become the largest growing sector in Indian Economy. Here’s how!

The Indo- European Business Forum (IEBF) recently concluded its 2018 edition in London with a business conclave on the potential of the Indian real estate sector. The discussions were focussed on discussing the sector’s potential to touch $10 trillion by 2030, becoming one of the largest growing sectors in the Indian economy. The event also discussed the investment opportunities offered by the sector and its contribution in the growth of India economy in the coming decade.

The growth witnessed by the Indian real estate sector has made it a lucrative sector for investment as private equity and venture capital investments in the sector reached US$ 2.99 billion during January-August 2018. Private equity investments in real estate are estimated to grow to US$ 100 billion by 2026 with Tier-I and Tier-II cities being the prime beneficiaries. 

“India’s movement towards a more robust infrastructural growth is a testament to the potential offered by the real estate sector. Reforms such as the ‘Real Estate (Regulation and Development) Act, 2016 (RERA) have been introduced to protect the interests of home buyers and boost transparency in the real estate sector. At IEBF 2018, it has been our endeavour to highlight the investment and growth opportunities India’s real estate sector offers,” said Sunil Kumar Gupta, IEBF Leader in India.

The event saw attendance from leading business leaders from both India and the European Union, including Anil Yendluri, Director & CEO, Krishnapatnam Port Company, Bharat Joshi, Deputy High Commission Chennai, UK, The Right Hon’ble Baroness Sandip Verma, Chairman European External Affairs Committee, Ashok Verma, Director, Domiciliary Services UK, Sandeep Sahani, Chairman, Corenthum Group, JC Chaudhry, Chairman, Aakash Educational Services, Raj Boveja, Chairman, OCR Services Inc, and Dr Sunil K Chadda, International Strategic Adviser & Economist.

The two-day IEBF summit, elaborated on India’s potential to reach $10 trillion economy mark by 2030 and the contribution of various sectors towards the goal.

 
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