Track2Realty-Agencies: The contribution of the real estate sector to India’s GDP has been estimated at 6.3 per cent in 2013, and the segment is expected to generate 7.6 million jobs in the same period, according to a report.
Track2Realty: Gujarat has cornered the maximum share, 41 per cent, of new investments attracted by the real estate sector across India during the last fiscal, apex industry body ASSOCHAM said on Monday, May 6.
The property market in Gujarat has touched a size of Rs 72,300 crore, after it grew by 30 per cent in terms of value during 2011-12. Though unofficial estimates show the actual size of the real-estate market at Rs 1 lakh crore, figures from the state revenue department show 9.07 lakh property transactions happened across the state in 2011-12.
Reeling under high input costs and 40 per cent labour shortage, the realty sector in Gujarat is witnessing construction projects getting either delayed, cancelled or halted in progress.