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India's real estate sector on growth trajectory
BUSINESS ECONOMICS
|August 1 - 31, 2022
Bengal Peerless aims to provide business and living space to all sections of society. Ketan Sengupta, CEO Bengal Peerless Housing Development Co. Ltd spoke to BE on their expansion plan.
Q How far has the real estate sector revived after the pandemic?
A. The trend has been positive since the past one year and the demand in real estate sector has grown. Demand consolidation towards reputed developers, disciplined new homes supply, changing attitudes of consumers towards home ownership with preference for bigger-better flats and faster adoption of digital technologies by builders were some of the trends witnessed during the year that augured well for the overall growth of Indian real estate sector.
Q. How is the investment in the sector? Is it attracting significant foreign traction?
A. Real estate is one of the major wealth creators and one of the largest employment generating sectors. The growth potentials are such that the segment is poised to account for 13% of India's economy by 2025.
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