Indian real estate sector set to reach market size of $180b by 2020

The Indian real estate sector is projected to reach a market size of $180 billion by 2020, a sharp rise from $126 billion in 2015, according to JLL’s report Traversing through the epic, predicting the curve.

The report traces seven trends that will change the way real estate business will happen in the future in India.

The report also reveals that the housing sector’s contribution to India’s GDP is expected to almost double to more than 11 percent by 2020, up from an estimated 5 percent to 6 percent. Regulatory reforms, steady demand generated through rapid urbanization, rising household income, and the emergence of affordable housing and nuclear housing are some of the key drivers of growth for the sector.

To read the highlights of the report, click here.