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In 2004 the contribution to GDP by this sector (at current prices )was approx. 6.5% which in value terms comes to Rs.1,37,000 crores i.e, over 30 billion US dollars.
HDFC reports indicate that the value of real estate sector had increased from 5.25% of GDP in 2002-2003 to 7% in 2005.
Sources- http://www.hdfcindia.com/23032005.htm
-http://www.ficci.com/media-room/speeches-presentations/2004/dec/dec3-real-ansal.htm
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Why consumer protection in the real estate sector is important?
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What is the Contribution in the GDP of India from real estate industry in 2010?
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In real estate the principle of contribution is that the value of a component of property depends upon its contribution to the value of the whole property. The cost of an improvement does not necessarily equal the value the component adds to the property.
Who are Stakeholders in real estate industry?
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Flat.
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