Indian Realty in 2015 = $ 90 Billion

It is already forecasted that Indian Real Estate Industry will grow to a massive amount of $90 billion in the next eight years. This was forecasted by the Financial Management and advisory company Merill-Lynch. The Real Estate Industry is quite happy by the figures but at the same time RBI has raised concern over the matter.It reasons that the portfolio inflows should confirm to the norms applicable to foreign direct investment (FDI) in the sector. Analysts feel that the central bank should revisit the FDI norms rather than curbing the portfolio inflows.

Analysts feel that with the growing economy infrastructure should also be developed. Real Estate industry is the second biggest job creators in India. Also Real Estate is connected to further 250 industries like Cement, Brick, etc, so a growth in this industry will also effect the others. So directly or indirectly Real Estate can effect the Indian GDP.

Real Estate FDI which is at 16 % in the end of 2006 is estimated to grow to 26% by the end of 2007.