Property market to touch USD 1 trillion by 2030; number of people employed in sector to grow at 7 crore: Housing secy
The number of people employed in the sector is also expected to rise to 7 crore in coming years, from 5.5 crore in 2019, he said while addressing a CII event on the real estate sector.
The Fund, launched with a target corpus of Rs 800 crore, has received commitments of Rs 650 crore. The amount has been raised from high net worth individuals (HNIs) and family offices.The Fund, launch
Sales or absorption of housing units rose by 21 per cent across seven cities in the first quarter of the 2021 calendar year to 1,05,183 units as against 87,236 units in the year-ago period.
Bengaluru witnessed a fall of 2.7 per cent year-on-year in prime residential prices during January-March 2021, leading to a fall in its ranking on the global list.
The residential segment contributed Rs 6,663 crore, while commercial projects Rs 62 crore in the overall sales bookings during the 2020-21 financial year.
Buoyed by the unchanged low interest rates and government sops, India’s real estate sector welcomed the RBI’s decision to keep key rates unchanged.
NAREDCO chairman Rajeev Talwar said on Thursday that interest on housing loans should be fully allowed under Income Tax Deduction without any ceiling.
The registrations in November 2020 jumped 17 per cent month-on-month and 67 per cent year-on-year.