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Real Estate: quirky facts

The real estate sector is expected to grow to $50 billion from $12 billion in the next five years...
Hindustan Times | By HT Correspondent, Mumbai
UPDATED ON MAR 11, 2008 12:24 AM IST

* The real estate sector is expected to grow to $50 billion from $12 billion in the next five years.

* Aggregate demand for office space is expected to be 61 million m over the next five years.

* Overseas funds announced for investment in Indian real estate amount to about $ 7 billion.

* Foreign Direct Investment (FDI) in real estate in the past 12 months totaled to $1.2 billion.

* About 80 million units of housing will be required over the next 15 years.

* Housing sector has been growing on average at 34 per cent annually, while last year the hospitality industry grew by 10 per cent to 15 per cent.

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