The realty sector is projected to grow at the rate of 30 per cent annually over the next decade, attracting foreign investments worth $30 billion, with a number of IT parks and residential townships being constructed across-India, industry body Assocham said.
Currently, the domestic real estate market is expected to be worth $15 billion in which the FDI is estimated to about $6 billion, it said.
At present, the foreign developers can undertake construction activities on a minimum space of 50,000 sq ft, Assocham President Sajjan Jindal said in a statement.
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