Is FDI Allowed in Real Estate in India?
One of the most globally recognized sectors- the estate sector mainly comprises housing, retail, hospitality, and commercial. The estate sector in India is expected to reach a market size of US $1 trillion by the year 2030 and contribute about 13 per cent of the country’s totally Gross Domestic Product (GDP) by 2025. Almost 80 per cent of real estate in India is residential space, while the rest encompasses office space, shopping malls, hotels, and hospitals. Right after the agricultural…