New Delhi: Global property consultant CBRE said in a report that by 2025 the realty sector of India can be contributing towards 13% of the country’s gross domestic product (GDP) provided that the government works hard to improve infrastructure, make the approval process happen quicker and borrowing costs are made lower. The contribution will be double of what the sector is contributing at present and this will occur due to the rising demand of housing in the urban areas.In 2013 the real estate sector will contribute around 6.3% to the GDP of the country. In current year the real estate sector provides around 7.6 million jobs and supplies 3.6 billion sq ft annually. By 2025 employment by the sector is expected to increase to 17.2 million and 8.2 million sq ft will be delivered by the sector annually. Due to the rapid urbanization of India most of the space required and supplied will be in the cities and most of the space in demand will be in the residential sector.Between 2001 and 2011, 71 million people have moved to the cities. By 2026 at least 534 million people are expected to be residing in the cities, if the present rate of migration is maintained. New housing will be in extreme demand and the urban foundation of even the tier II and tier III cities of the country will be expanded. This will be the major fuelling factor for the growth of the real estate sector.Anshuman Magazine, Chairman of CBRE South Asia commented on the report by saying that such a progress in the industry is expected only if the economic growth of the country does not decline and the government does enough to remove the potential bottlenecks that hinder the growth of the real estate sector.займ на карту без отказов круглосуточновзять кредит онлайн