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Housing Sector to Receive a $1.3 Trillion Investment
May 12, 2017
According to CLSA India Pvt., housing is going to be one of the biggest drivers of growth in the country over the next seven years. This prediction is in line with the fact that Prime Minister Narendra Modi is working towards providing housing to over 1.3 billion Indians. Since incomes are increasing and so is affordability it would trigger a wave of $1.3 trillion investment in the housing industry.
According to CLSA, between 2018 and 2024 about 60 million new homes will be built, thus creating about 2 million new jobs every year also boosting the GDP by as much as 75 BPS. The overall volume of affordable housing will also increase by about 70% by 2024.
