Long-term prospects appear positive for the realty sector, with a potential increase in completed space from 3.6 billion sq. ft. in 2013-14 to nearly 8.2 billion sq. ft. by 2025, according to the CBRE-AMCHAM report. This is likely to generate significant employment opportunities to the tune of almost 17 million by 2025 providing the country with substantial socio-economic opportunities for growth, the report stated. 

Consequently, the contribution of the real estate sector to the economy is also expected to more than double from 6.3% in 2013-14 to almost 13% by 2025. This projected expansion is, however, subject to an effective utilization of potential growth opportunities and implementation of relevant policy measures to resolve bottlenecks plaguing the sector.

Anshuman Magazine, chairman and managing director of CBRE, South said, "Looking ahead, much of the realty revival in 2014 will depend on the implementation of the recently announced economic policies. Sentiments are not expected to improve before the second half of 2014. A clear, forward looking and reform-oriented economic policy by the new government might trigger growth by the second half of the year."