Business Real estate applauds BJP's victory: Here's what the sector expects from Modi 2.0 Updated : May 29, 2019 04:33 PM IST Expectations across various sectors are high and so is the case with real estate that contributes 7 percent of the country's GDP and generates 14 percent of total employment. The sector is optimistic and has shown confidence in the government's real estate initiatives. Citing GST, RERA and the plan of affordable housing for all by 2022, several developers have raised the bar of expectations. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.