By 2030, what percentage of India's GDP is the real estate sector projected to account for?

The projection that the real estate sector in India will account for 13% of the country's GDP by 2030 is based on the sector's significant growth and expanding contribution to the economy. Real estate plays a crucial role in India's development, affecting various aspects, including infrastructure, job creation, investment opportunities, and overall economic activity.

Several factors contribute to this projection, including urbanization trends, government initiatives like the Smart Cities Mission and Housing for All, and the ongoing demand for housing, commercial spaces, and industrial developments. As India continues to urbanize and its population grows, the real estate sector is expected to thrive, further enhancing its share in the national GDP.

The other percentages provided reflect varying degrees of growth, but the 13% estimate captures a substantial and realistic expectation considering the projected economic trends and the importance of real estate in addressing the housing and infrastructure needs of an expanding urban population.