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Contribution in the GDP of India from real estate industry?

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November 01, 2007 10:40PM

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.