The real estate industry has recorded tremendous growth in recent years, in line with the rapid industrial growth and urbanisation prevalent within the country. The sector is also one of the biggest generators of employment, after the agricultural sector. India’s real estate sector can be broadly categorised into housing, retail, commercial and the hospitality segments. Out of these, the housing sector has the maximum contribution towards the country’s gross domestic product (GDP). The liberalisation of the Indian economy resulted in a significant increase in business opportunities which, in turn, led to heightened demand for housing as well as commercial space. The constant proliferation of shopping complexes, hospitals, hotels and other big constructional projects have further boosted the prospects of the domestic real estate industry. Hide this