Anchor India 2014 Anchor India 2014 | Page 182

The Growth Trajectory The Indian real estate sector is witnessing rapid growth especially in the residential, commercial and industrial segments. Real estate development, once restricted to bigger cities, have shown marked progress in smaller cities and towns owing to availability of banks 180 dream makers ANCHOR INDIA loans, higher earnings and improved standard of living. The sector is projected to post annual revenues of US$ 180 billion by 2020 against US$ 66.8 billion in 2010-11, a compound annual growth rate (CAGR) of 11.6 per cent. The demand is expected to grow at a CAGR of 19 per cent in the period 2010-14, with Tier I