India has one of the cheapest land costs per square metre in the world, according to new data from the National Land and Infrastructure Commission (NLIC).
The government has been slow to develop a clear strategy for development, but the results have been encouraging for some companies.
The commission’s report found that, in 2016, India’s real estate sector had the cheapest real estate in the country at $0.09 per square metres.
India has also seen a rapid rise in construction costs, with the total construction cost in the Indian construction industry at $1.85 trillion in 2016.
The construction sector accounts for just under 20% of the country’s total economic output, which accounts for over 40% of all domestic production.
But it has become a hot topic in India as construction projects have become more complex and more expensive.
The cost of building a house in India has increased from $0 to $2,200 in just the past five years, according the data.
The latest figures from the NLIC show that India’s cost of constructing houses jumped to $3,100 per square meter last year.
India’s infrastructure has also increased significantly over the past decade.
According to the report, India has the second highest population growth rate in the region and a higher share of population living in urban areas than in rural areas.
While the increase in population density has been a factor in the increased construction costs in India, the construction sector’s contribution to India’s GDP has also been growing rapidly.
Between 2014 and 2016, the cost of construction in India increased by 12.5%, according to the NLic report.
Construction has also become more costly in the past few years, with a 25% increase in the average cost per square foot between 2014 and 2015.
Construction is also becoming more expensive as a result of the impact of climate change.
As India grapples with the impact from climate change, the world’s third-largest economy is now spending a record $8.3 trillion a year to keep up with rising energy costs.