Page 4 - ARKITON LUXE PROJECT FINANCE REPORT

INDUSTRY OVERVIEW

The real estate sector holds considerable significance in
MARKET the Indian economy as it contributed about 6-7 per cent

to the Indian gross domestic product (GDP) in 2017 and
is expected to contribute about 13 per cent by 2025. By
SIZE 2030, the Indian real estate industry is expected to
touch USD1 trillion, becoming the third largest globally.
It is also the third largest employer (after agriculture and
manufacturing) in the country and presently employs
over 50 million people. As per the National Skill
Development Council (NSDC), real estate and
construction sector is expected to necessitate demand
for over 66 million people by 2022. The sector is
estimated to grow to USD 650 billion by 2025 and
surpass USD 850 billion by 2028. India has consistently
improved its ranking on the global real estate in 2014
which has instilled confidence in investors. The value
increased from USD 174 billion in Q4 2012 to USD 243
billion in Q2 2018. Residential, commercial and retail are
the three key asset classes, which have primarily been
contributing to the sector’s growth.

SHORTAGE The central government aims to provide

OF HOUSING housing to all its citizens by the year 2022. As
the
estimate,
our
vision
per
entails
development of about 11 crore housing units,
including the current shortage of about 6
crore units. The housing need is almost
equally distributed in urban and rural areas in
the range of 5 to 6 crore units, and primarily
consists of affordable houses.