Real Estate market to reach $1 trillion by 2030: Durga Shanker Mishra

22 Jul 2021 CW Team

Mishra further explained that the law implemented by the states would be prospective, and discussion of each conflict associated with the rent agreements would be done under the previous laws of every state.

He mentioned that the real estate sector underwent tough challenges throughout the first and second waves of the Covid-19 pandemic. However, the housing demand has recovered.

The housing secretary revealed that the real estate sector, 2-3 years ago, was nearly USD 200 billion. Now, it is likely to reach USD 1 trillion by the year 2030.

About the RERA, he told, that nearly 67,000 projects and 52,000 property agents are listed under this law. Real estate authorities set up under this law have disposed of over 70,000 cases. Every state but West Bengal executed this law.

Mishra highlighted additional reforms such as the start of Real Estate Investment Trust (REIT) and the establishment of a stress fund known as

Special Window for Affordable & Mid-Income Housing (SWAMIH) to finish the delayed housing projects.

He said the Affordable Rental Housing Complex (ARHC) scheme started by the government to construct homes for migrant workers would also generate business opportunities for the sector.

Moreover, he instructed the real estate industry to concentrate on the affordability of residential houses to draw buyers from lower and middle-income groups.

Image Source

Also read: NAREDCO demands one-time loan restructuring for stuck realty projects

Also read: Private equity investment in Indian real estate at $2.7 bn in 2021

Housing and Urban Affairs Secretary Durga Shanker Mishra told the media that the Indian real estate market is expected to reach $1 trillion by 2030, following the rise in demand and several changes in the last seven years, such as the new realty law Real Estate Regulatory Authority (RERA). Mishra said that employment in this sector is also likely to increase to 7 crore in the upcoming years, from 5.5 crore in 2019. The states have been directed to execute the Model Tenancy Act soon, passed by the Union Cabinet in June 2021. Mishra further explained that the law implemented by the states would be prospective, and discussion of each conflict associated with the rent agreements would be done under the previous laws of every state. He mentioned that the real estate sector underwent tough challenges throughout the first and second waves of the Covid-19 pandemic. However, the housing demand has recovered. The housing secretary revealed that the real estate sector, 2-3 years ago, was nearly USD 200 billion. Now, it is likely to reach USD 1 trillion by the year 2030. About the RERA, he told, that nearly 67,000 projects and 52,000 property agents are listed under this law. Real estate authorities set up under this law have disposed of over 70,000 cases. Every state but West Bengal executed this law. Mishra highlighted additional reforms such as the start of Real Estate Investment Trust (REIT) and the establishment of a stress fund known as Special Window for Affordable & Mid-Income Housing (SWAMIH) to finish the delayed housing projects. He said the Affordable Rental Housing Complex (ARHC) scheme started by the government to construct homes for migrant workers would also generate business opportunities for the sector. Moreover, he instructed the real estate industry to concentrate on the affordability of residential houses to draw buyers from lower and middle-income groups. Image Source Also read: NAREDCO demands one-time loan restructuring for stuck realty projects Also read: Private equity investment in Indian real estate at $2.7 bn in 2021

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..