Team Blitz India
NEW DELHI: Employment in the Indian real estate surged to 7.1 crore in the last calendar year from 4 crore in 2013, driven by healthy growth in the housing segment supported by several policy reforms by the Modi Government, according to a joint report by Anarock and Nardedco.
Real estate consultant Anarock and realtors’ body Nardedco released a report ‘Real Estate Unboxed: The Modi Effect, which stated that Indian residential real estate market has greatly benefited from several reforms by the Modi-led government, helping the industry to not only to emerge stronger but also to scale new heights.
India’s top seven primary residential markets witnessed a combined housing supply of 29.32 lakh units and sale of 28.27 lakh units between 2014 and 2023.
Unsold inventories have dropped because of higher sales velocity, while many stalled projects have been revived with the help of the government-backed stress fund (Special Window for Affordable and Mid-Income Housing) SWAMIH.
