Real Estate Sector In India Essay

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Real Estate Sector in India Index: 1. Overview 2. Demand drivers 3. Hubs for development activities 4. Foreign direct investment in Indian real estate sector 5. Trend of investment Overview Indian population: India, with 1,210,193,422 (1.21 billion) people is the second most populous country in the world, while China is on the top with over 1,350,044,605 (1.35 billion) people. The figures show that India represents almost 17.31% of the world's population, which means one out of six people on this planet live in India. Although, the crown of the world's most populous country is on China's head for decades, India is all set to take the numero uno position by 2030. With the population growth rate at 1.58%, India is predicted to have more than 1.53 billion people by the end of 2030. Age structure & work force: More than 50% of India's current population is below the age of 25 and over 65% below the age of 35. Median age of Indian population is 25.3 years where as world and china’s median age is 28.4 and 34.1 respectively. This constitutes the major work force of the country. India has the largest school population in the world, which is around 130 million & for higher studies total number of students are around 13 million. which signifies that every year 13 million people enter into Indian urban labor force. Economic condition & FDI : Major economic transformations into the country support the real gdp growth of the country to 8%. Service sector contributing 56% of the GDP of India. Private domestic consumption of India accounts more than 50% of the GDP, which is the main attraction for international investors into Indian market. India ranks 3rd most attractive destination for FDI funds. Total FDI inflow in India-INR 1442 billion of which 7% contributes to Indian real estate sector. India is seventh largest country in the world

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