Real Estate Sector To Provide Huge Business Opportunities, Create Employment For Startups: Goyal

India is poised to become the third largest construction market in the next 2-3 years, said Union Commerce Minister Piyush Goyal.

Goyal pointed out that budget 2023 also focused significantly on infrastructure with nearly Rs 10 lakh crore direct investment of the central government. 

The outlay for PMAY was increased by 66 per cent. Urban Infrastructure Development Fund focuses on tier 2, 3 cities and building bigger and better infrastructure.

The real estate sector will provide huge business opportunities, generate employment and provide big avenues for the startup ecosystem, he said.

He said that the Indian real estate sector has been a critical engine of India's growth story, providing large-scale employment.

Goyal said, "The sector has shown immense resilience in the last few years with the active support of the government."

He pointed out that the real estate sector is one of the critical sectors that will serve to ensure good quality of life for people.