Saturday, April 19, 2014

SK Garg Eldeco, Contribution of the residential and developmental sector to the domestic value is very crucial in India. The portion of real estate possession of business services in total value exaggerated to 9.2% in 2009 from 8.9% in 2005. Moreover, it conjointly contributes considerably in social elevation and employment creation. Real Estate sector is the second largest employment generator in India after agricultural sector. The housing phase alone is supposed to account for over 9% of the country’s overall employment. Construction and development is considered to be one of the most vital sectors of Indian economy. The Indian industry is extremely fragmented and unorganized. It plays a significant role in the economic process and is a vital contributor to the economic growth. The contribution of real estate to gross domestic product has increased from 5.7% in 2000 to around 7.9% in 2010. The construction business is effortful, with around 27,770 companies concerned directly, as of 2005 report. It is one of the most important employment fields and is defined by a mixture of unionized and unorganized entities

No comments:

Post a Comment