The industry is expected to reach $180 billion by 2020.
The market size is expected to grow at CAGR of 11.2%. The second largest employer in India after agriculture. The biggest residential colony of Asia is in Patna, India which is known as Kankarbagh. From the year 2000, the industry attracted FDI of $24.20 billion. The demand is ever increasing and estimated at 4.2 million units by 2020. Mumbai is the best city followed by Bengaluru and Delhi for investment in this industry. This Indian industry will be a world leader by 2030. The Act was passed by government of India on May 1, 2016 which aims at making necessary operational rules. Rapid urbanization and higher disposable income are the main reasons of the increasing demand.