Gift city Ahmadabad investments worth about Rs three lakh crore in the real-estate sector as of March 2013 but the new investments in the sector dipped from over Rs 16,000 crore to just over Rs 7,000 crore during the course of last one year 2011-12 and 2012-13. Realty sector accounts for over 11% share in total outstanding investments worth over Rs 122 lakh crore attracted by different sectors from various public and private sources across India, said Mr Rawat. Maharashtra, Gujarat, Haryana, Karnataka and are the top five states with highest share for attracting maximum outstanding investments in the real-estate segment across India. Besides, these five states account for over 70% of the total outstanding investments attracted by realty sector across India. Outstanding investments in real-estate have risen by over 25% throughout the country during the five year period of 2008-09 and 2012-13, further highlighted the ASSOCHAM analysis. According to the real-estate sector in India has been plagued with serious problems of late such as falling sales, rising construction costs, dampened market sentiment overall, sluggish economic growth, high and poor industrial production due to which leading players in the sector had to sell of their land to reduce debt, players have trimmed their exposure in realty sector and general slowdown in various industries has hit commercial real-estate.
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