Mumbai: The construction industry in India has observed the growth of 5.9 per cent in fiscal year 2013 compared to the fiscal year 2012 growth. Real estate industry has majorly contributed to the country’s GDP and it is expected that India will eventually become the world’s 3rd largest construction market by 2020. India Education Bureau in its report stated that India will emerge to be one of the largest real estate industries in the next decade or two.The constructions industry of India has contributed to 8 per cent of the total GDP in the fiscal year 2012 with an estimated amount of Rs 670,778. The past decade has observed the tremendous boom in the housing real estate sector of India. The real estate industry is expected to accomplish 13.6 percent Compound Annual Growth Rate (CAGR) in the five years, from 2012 to 2016. The Planning Commission has estimated that the real estate market in India will reach approximately to US $ 380 billion in the five year period of 2012-2016.The IT Industry has been the major driving factor of the metro cities like Mumbai, Bangalore, Delhi, Pune etc. And IT industry is expanding its wings towards other major tire-2 cities which will majorly influence the developments and construction in India in next few years.Being the most important market of the country real estate has also contributed in creation of over 35 million employments across the India. Residential market is the most important aspect of the emerging real estate of India. займ на карту без отказов круглосуточновзять кредит онлайн