The real estate plays a multiplier effect in the development of the economy and the ecosystem of the country. The sector is expected to reach a market size of $1 trillion and make up 18-20% of the country’s GDP by 2030, Amitabh Kant, CEO, Niti Aayog said on October 22.
He also said that the Securities and Exchange Board of India (Sebi) has already given its approval for Real Estate Investment Trusts (REITs), which will create an opportunity worth Rs 1.25 lakh crore in the coming years.