[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
The realty sector is the second largest employer in India after agriculture and its contribution
to employment is expected to rise further owing to the shift in consumers’ preference towards
owning houses over rental spaces.
Real estate is expected to contribute 13 per cent to India’s GDP by 2025. The growth of real
estate will have a cascading effect on ancillary industries such as infrastructure and cement,
leading to the creation of direct and indirect employment. The realty sector is the second
largest employer in India after agriculture and its contribution to employment is expected
to rise further owing to the shift in consumers’ preference towards owning houses over
Young working professionals had earlier contributed to rental yields for most realty players in
Gurugram. The COVID-19 has pivoted the focus on financial security and sound investment
backup. Now the same young lot is considering buying houses for both personal use as well
as for investment purposes.
Another trend is the proliferation of technology that has automated certain tasks and
somewhat reduced the dependence on labour. Technology service providers stand to gain
immensely as all realty players are leveraging emerging technologies. Smart construction
techniques such as steel framing, prefabricated steel floor decks have expedited the pace
of construction, leading to the delivery of projects in record time. With sustainability gaining
new currency in real estate, eco-friendly projects and energy-efficient buildings have found
favour with consumers.
Read more at:https://www.financialexpress.com/money/real-estate-can-give-the-much-required-push-to-indian-economy/2086333/
Have a nice day