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May 23, 2011, 08.46 AM IST | Source: PTI

Real estate adds over Rs 1 lakh cr to Delhi's GDP in 2011

Real estate services added over Rs 1 lakh crore to Delhi's GDP of Rs 2.58 lakh crore in 2010-11, emerging as top contributors to the city's economy and reflecting the rapid growth and buoyancy in the sector.

Real estate adds over Rs 1 lakh cr to Delhi's GDP in 2011

Real estate services added over Rs 1 lakh crore to Delhi's GDP of Rs 2.58 lakh crore in 2010-11, emerging as top contributors to the city's economy and reflecting the rapid growth and buoyancy in the sector.

The real estate sector, which includes property brokers, home buyers, land owners, property owners and housing finance institutions, contributed 39.69% to the gross state domestic product (GSDP) of the city at current prices, according to latest Delhi Government statistics.

The contribution of the sector has gone up to Rs 1.02 lakh crore in 2010-11 compared to Rs 35,885 crore in 2004-05, registering annual compound growth of 19.16% in the last six years.

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