As per the industry estimates, Real Estate market, including both residential and commercial sectors,
is expected to touch US$ 180 billion by 2020, almost double the figure of US$ 93.8 billion for 2014. The Real Estate industry of India is an important indicator of development as it creates investment opportunities across ancillary sectors as well. It is currently the fourth-largest sector in the country in terms of FDI inflow.
The Narendra Modi Government at the centre is being seen as supportive to the real estate sector.
Approval of 100 Smart City Projects, and increase in FDI limits for townships & settlements, development projects and Real Estate projects within the Special Economic Zone (SEZ) to 100 percent are being seen as positive signs. Union Budget 2015-16 saw the Government allocating US $ 3.72 billion for housing and urban development. Draft guidelines for investments by Real Estate Investment Trusts (REITs) in non-residential segment too have been released.
In spite of Government policies and a large share of FDI going to it, Real Estate Sector continues
to face problems though the focus on technologies, stress on green features and excellent design options have brought in a number of positive changes.
The Economic Times Real Estate Summit is a four city power-packed summit that would deal with
all things Real Estate. Opinion leaders in Real Estate and related Ancillary Services would deliberate on the benefits of cutting-edge technologies, out-of-the-box Real Estate solutions and the issues that need attention. It would also provide an excellent opportunity to network