{"id":1825,"date":"2024-05-17T15:26:00","date_gmt":"2024-05-17T15:26:00","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/real-estate-sector-to-contribute-15-to-indias-gdp-by-2050-naredco-president\/"},"modified":"2024-05-17T15:26:00","modified_gmt":"2024-05-17T15:26:00","slug":"real-estate-sector-to-contribute-15-to-indias-gdp-by-2050-naredco-president","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/real-estate-sector-to-contribute-15-to-indias-gdp-by-2050-naredco-president\/","title":{"rendered":"Real Estate Sector To Contribute 15% To India\u2019s GDP By 2050: NAREDCO President"},"content":{"rendered":"


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Indian real estate is rebounding\u00a0and\u00a0there is no doubt that\u00a0it’s\u00a0an\u00a0important\u00a0contributor to the\u00a0country’s\u00a0economy. While the sector is likely to touch a market size of $1 trillion by 2030, its contribution may increase to 15% to the\u00a0country’s\u00a0GDP by 2050, feels G Hari Babu, National President of NAREDCO. The 3-day real estate workshop is jointly organised by The\u00a0National Real Estate Development Council (NAREDCO), under the aegis of the Ministry of Housing\u00a0& Urban\u00a0Affairs,\u00a0and Delhi RERA.<\/p>\n

Addressing the participants at the inaugural workshop at the 2nd Management Development Programme,\u00a0‘RERA & REAL ESTATE ESSENTIALS’,\u00a0he said,\u00a0“With a current market valuation of 250 billion dollars, the\u00a0real estate sector is with the expected growth rate of 16-17% will almost contribute around 15% to the\u00a0country\u2019s\u00a0GDP by 2050. Among other things, this industry requires\u00a0a large number of\u00a0trained professionals considering its size, time and value involved.”<\/p>\n

Anand Kumar, Chairman, NCT of Delhi\u00a0RERA\u00a0said,\u00a0\u201cReal estate is a dynamic sector\u00a0and\u00a0the pace of change has only accelerated in the last few years\u00a0and\u00a0by imparting transparency to the sector, RERA has a big role to play in this. However, despite all the efforts, people are not aware of the provisions and guidelines of RERA. This workshop is a step in that direction.\u00a0Further, we\u00a0not only\u00a0need to understand the gradually evolving landscape\u00a0but also\u00a0equip realty professionals with the right knowledge, foster professionalism and instil the culture of compliance among all stakeholders involved.\u201d <\/p>\n

Harsh Bansal, President of Delhi\u00a0NAREDCO\u00a0said that the real estate and construction sector is not only the second largest employer in the country but also contributes significantly to its GDP.<\/p>\n<\/div>\n


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Indian real estate is rebounding\u00a0and\u00a0there is no doubt that\u00a0it’s\u00a0an\u00a0important\u00a0contributor to the\u00a0country’s\u00a0economy. While the sector is likely to touch a market size of $1 trillion by 2030, its contribution may increase to 15% to the\u00a0country’s\u00a0GDP by 2050, feels G Hari Babu, National President of NAREDCO. The 3-day real estate workshop is jointly organised by The\u00a0National Real…<\/p>\n

Read More “Real Estate Sector To Contribute 15% To India\u2019s GDP By 2050: NAREDCO President”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":1826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/english.cdn.zeenews.com\/sites\/default\/files\/2024\/05\/17\/1406031-construction-pti.jpg","fifu_image_alt":"","footnotes":""},"categories":[3],"tags":[1228,450,1227],"class_list":["post-1825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-gdp","tag-real-estate","tag-real-estate-sector"],"yoast_head":"\nReal Estate Sector To Contribute 15% To India\u2019s GDP By 2050: NAREDCO President - Breaking News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ventil.rs\/blog\/business\/real-estate-sector-to-contribute-15-to-indias-gdp-by-2050-naredco-president\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Estate Sector To Contribute 15% To India\u2019s GDP By 2050: NAREDCO President\" \/>\n<meta property=\"og:description\" content=\"Indian real estate is rebounding\u00a0and\u00a0there is no doubt that\u00a0it’s\u00a0an\u00a0important\u00a0contributor to the\u00a0country’s\u00a0economy. 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