By Accommodation Times Bureau
New Delhi: In the fiscal year 2011-12 the real estate sector has contributed more than Rs.30,000 crore to the Delhi’s GDP of 3.13 lakh crore. This move has brought strong position for city’s economy.
In the latest Delhi Government report cited that, the realty sector contributed Rs 30,042 crore to the city’s GDP in 2011-12 at current prices, up by Rs 4,749 crore from its share of Rs 25,253 crore in 2010-11.
According to the senior official of government, due to the huge demand for residential as well as commercial property projects nourishing the sector as well as city’s economy.
The report further added that, construction sector added to GDP Rs.16,801crore in the previous financial year at current prices from Rs 13,844 crore in 20101-11.