Wed, Mar 29, 2017 | updated 04:32 PM IST

75 mn jobs to be created by realty sector by 2022, says KPMG

Updated: Aug 21, 2016 14:44 IST

New Delhi, Aug. 21 (ANI): According to a report by KPMG India, the real estate and construction sector is expected to generate 75 million jobs by 2022 and emerge as the largest employer in the country.

" Real estate and construction sector in India is expected to be the third largest globally by 2030 contributing over 15 percent to the Indian GDP and emerge as the largest employer in India providing employment opportunities to over 75 million people," KPMG said in a statement.

The report released by KPMG India and the National Real Estate Development Council ( NAREDCO) provides an overview of the key programmes launched by the Central Government in the recent past to address the key challenges in urbanization and the real estate sector.

It highlights India's urban population is forecast to increase about 40 percent to over 580 million by 2030 from 420 million in 2015.

"Nearly 110 million houses would be required by 2022 in urban as well as rural India to provide housing to all citizens. This includes the current shortage of over 60 million houses, out of which around 20 million exist in urban areas," it adds.

The report said real estate and construction sector has attracted over USD 24 billion Foreign Direct Investment ( FDI) between 2000 and 2015.

It also said the 'Housing for All' initiative requires an investment of USD two trillion by 2022, which include 432 projects worth Rs. 6.5 trillion for roads, more than 400 projects worth Rs. six trillion in railways, 70 projects worth Rs. 670 billion for the development of airports and 75 projects worth Rs. 551 billion for the ports.

"With every sixth person getting urbanized globally being an Indian, the real estate and construction sector holds significant opportunity for both global and domestic companies engaged across the value chain," said Partner and Head Building Construction KPMG India Neeraj Bansal,. (ANI)

New Delhi [India], Mar 29 (ANI): India's first mobile app based B2B E-commerce player WYDR has announced hiring of Alok Varman as their new Vice President, Operations.

Full Story >>

New Delhi [India], Mar 29 (ANI): India's healthcare apex body NATHEALTH on Wednesday announced its new leadership team for the year 2017-18.

Full Story >>

New Delhi [India], Mar 29 (ANI): Leading open digital payments company PayPal has announced its partnership with Vistarooms.com to enable foreign travelers travelling to India book hotels in a safe and seamless manner and on a platform they are familiar with.

Full Story >>

New Delhi [India], Mar 29 (ANI): APUS Group, China's fastest growing unicorn with over 510 million global users has acquired Venture Catalysts-backed Siftr Labs for an undisclosed amount.

Full Story >>

New Delhi [India], Mar 29 (ANI): The 33rd Edition of India Carpet Expo, Organized by Carpet Export Promotion Council at Pragati Maidan, New Delhi, has received overwhelming response from around 350 buyers from across the world in the second day of the Expo. India Carpet Expo "Showcasing new Fall-winter collection, as per the buyers' requirements in terms of size, design, color and quality which is grabbing the interest of the buyers.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Lakshya Digital, India's leading game art development company is hosting the 'Keywords Game Art Summit' from March 28 to 31 March at Gurugram, to discuss India's growing prominence as a game art development hub for top publishers across the world.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Citizen engagement platform LocalCircles conducted a poll regarding the impact of the Maternity Bill on employment figures among women in SMEs and Startups. The poll registered more than 4300 startups, SMEs and entrepreneurs as participants.

Full Story >>

New Delhi [India], Mar. 29 (ANI): FutureDial, a provider of device processing solutions partnered with Rocking Deals in order to examine and certify the quality of refurbished products that are being sold in the Indian market.

Full Story >>

New Delhi [India], Mar 29 (ANI-NewsVoir): Home Credit, one of the fastest growing NBFCs in India that has completed five years of operations in the country has emerged as the market leader in small ticket size loans.

Full Story >>

New Delhi [India], Mar. 29 (ANI): India's 'star serial entrepreneur' Sandeep Aggarwal announced plans of investing Rs. 20 Crore in up to 12 start-ups by the end of this year, in the areas of healthcare, tech and retail.

Full Story >>

New Delhi [India], Mar 29 (ANI): Union Finance Minister Arun Jaitley on Wednesday called the Goods and Services Tax (GST) Bill revolutionary, saying it will benefit all with the free movement of goods across the country.

Full Story >>

New Delhi [India], Mar 29 (ANI-NewsVoir): GoDaddy, the world's largest cloud platform dedicated to small, independent ventures, today announced the launch of GoDaddy's new Website Builder combining a mobile optimized website builder with an integrated set of marketing and e-commerce tools, making it easy for small businesses in India to attract visitors and drive results.

Full Story >>

Astana Expo-2017 road show held in Delhi

Updated: Mar 29, 2017 11:39 IST

New Delhi [India], Mar.29 (ANI): With less than three months to go for Expo-2017, an international exposition scheduled to take place between June 10 and September 10, 2017 in Astana, Kazakhstan, the Embassy of Kazakhstan in India and two leading tour operators of India and Kazakhstan --Sayat Travel (Kazakhstan) and Salvia Travels Pvt. Ltd. (India) - organised a road show on the theme "Travel the Great Silk Road and visit Astana Expo-2017" here.

Full Story >>

New Delhi [India], Mar. 29 (ANI-NewsVoir): Opple, a global integrated lighting solutions company and one of world's Leading LED Lighting brand launched a unique and innovatively designed light, Twinkle Star. This is Opple's newest addition to their range of home luminaries.

Full Story >>

New Delhi [India], Mar. 29 (ANI-NewsVoir): Yakult Danone India Pvt. Ltd., a joint venture between Yakult Honsha, Japan and Groupe Danone, France, both global leaders in probiotics, announced Bollywood celebrity Shilpa Shetty Kundra as their new Brand Ambassador.

Full Story >>

New Delhi [India], Mar. 28 (ANI): The Economic Affairs Secretary, Shaktikanta Das on Tuesday set the gross market borrowing for the first six months at Rs 3.71 lakh crore or 64per cent of the full year's target of Rs 5.8 lakh crore.

Full Story >>

Idea launches 4G services in Jammu

Updated: Mar 28, 2017 17:22 IST

New Delhi [India], Mar 28 (ANI): Telecom operator Idea Cellular on Tuesday announced its operations of world class 4G services in Jammu and Kashmir circle.

Full Story >>

New Delhi [India], Mar. 28 (ANI-NewsVoir): Pachouli - a leading health, fitness and beauty brand joined hands with India Designer Society to partner for one of its kind fashion reality show "India Kids Fashion Fest."

Full Story >>

New Delhi [India], Mar 28 (ANI): Given the continuing sluggishness in the key real estate and construction sectors, ICRA expects the overall steel consumption growth for FY2017 to be lower than the previous year levels.

Full Story >>

New Delhi [India], Mar 28 (ANI): In pursuance with the decision of Dr. K M Cherian, Chairman and CEO of Frontier Lifeline Hospital (FLL) and Remigijus Zaliunas, Rector Professor of the Lithuanian University of Health Sciences (LSMU), a Memorandum of Understanding (MOU) has been signed between both the institutions, for promoting and reinforcing cooperation, mutual exchange of views and information, improvement of research and academic programmes and also exchange of experts and researchers.

Full Story >>