Real Estate To Play Major Role In India's Economic Growth Trajectory, Report \ stacker news ~econ

Real Estate will be much bigger in India

The interplay between real estate and India’s economic growth journey over the next few decades is explored in the latest report “Indian Real estate: The Quantum Leap” by Colliers in collaboration with the Confederation of Real Estate Developers' Associations of India (CREDAI) released recently.
These long-term growth ingredients will be pivotal in the expansion of Indian real estate – from under a trillion currently, to potentially a USD 10 trillion market by 2047, accounting for a 14-20% share in the country’s GDP.

I agree to the report on the point about how real estate is needs to bigger if ever India wants to be a developed nation. You can see any developed nation and you'll find that almost all of these countries have 15 to 20% share of real estate in their respective GDPs.

Unfortunately, India currently don't have even a 10% share of real estate in its economy. It'll be interesting to see how India will make a Quantum leap in this field.

So, what do you think guys, can India be a developed nation without the boom in real estate?

20 sats \ 2 replies \ @Undisciplined 23 Sep

Real estate wouldn't be such a large sector if we had honest money. It's a primary store of value, in addition to its actual use value.

61 sats \ 1 reply \ @Coinsreporter OP 23 Sep

How big is real estate market in USA?

0 sats \ 0 replies \ @Undisciplined 23 Sep

I really have no idea. I'm thinking about it more from the personal finance side. Mortgage payments are usually somewhere between 25-50% of a household budget.

0 sats \ 0 replies \ @Satosora 23 Sep

Real estate in the city, or the close suburbs. Or you can try buying land you believe they will build major roads on, I know many people made a killing when the government bought the land from them.