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The market size of the Indian real estate sector stood at $55.6 billion in 2010–11 and is expected to touch $180 billion by 2020.
The demand is expected to grow at a compound annual growth rate (CAGR) of 19% in the period 2010–2014, with Tier I metropolitan cities expected to account for about 40% of this growth.
The number of new launches in the residential segment during the first quarter of 2014 has increased by 43% at 55,000 units across eight major cities. Bengaluru recorded the largest number of units launched at an increase of 22% at 16,838 units, followed by Mumbai and Chennai.
The construction development sector, including townships, housing, built-up infrastructure and construction-development projects garnered total foreign direct investment (FDI) worth $23,131.64 million in the period April 2000–February 2014.