Real estate's contribution to India's GDP could rise from the current 8-9 per cent to 15-20 per cent by 2047, with expansion across residential, office, warehousing, logistics, education and healthcare segments, although the sector faces several headwinds, Gulam Zia, International Partner and Senior Executive Director - Research, Advisory, Infrastructure and Valuation, Knight Frank, said on Tuesday.
"When we are talking about the contribution of real estate to the GDP going up from 8 per cent to 15 per cent or 20 per cent by the time we reach the 100th year of our independence, the challenges that we are talking about are also multifold," Zia told ANI.
