The real estate sector is one of the most globally recognized sectors. It comprises of four sub-sectors - housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth in the corporate environment and the demand for office space as well as urban and semi-urban accommodation. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy.

In India, the real estate sector is the second-highest employment generator, after the agriculture sector. It is also expected that this sector will incur more non-resident Indian (NRI) investment, both in the short term and the long term. Bengaluru is expected to be the most favoured property investment destination for NRIs, followed by Ahmedabad, Pune, Chennai, Goa, Delhi and Dehradun.

The commercial sector consists of real estate used for business purposes; common types include shopping malls, retail, office spaces, hotels, or other spaces used for business purposes. Some of the latest estimates of the commercial real estate market from 2018 show a valuation of approximately $16 trillion.3 However, as prices fluctuate in the global economy, a number of investors have shown hesitance to continue investing in the commercial real estate segment.

Government of India along with the governments of respective States has taken several initiatives to encourage development in the sector. The Smart City Project, with a plan to build 100 smart cities, is a prime opportunity for real estate companies.

The industrial real estate segment is comprised of properties used for manufacturing and production, such as factories, plants, and warehouses. Utility companies such as PG&E, for example, will own a lot of industrial real estate as assets, including but not limited to power plants that work to generate electricity.