The Real Estate sector is an essential segment of the Indian economy which has linkages with more than 250 ancillary industries and employs more than 10% of India’s workforce. The growth of the real estate sector in the last two decades has had a multiplier impact on the Indian economy.
After agriculture, real estate is the second highest employment-generating sector. Since India is a fast-growing economy, the demand and delivery of quality and affordable real estate have been of prime concern for the Government and the industry.
Residential, commercial and retail are the three key asset classes, which have primarily been contributing to the sector’s growth.
Over 80% of the employment in real estate and construction constitutes of minimally skilled workforce, while skilled workforce accounts for over 9% share.