<span style="color: #222222;">Union Minister for Commerce and Industry Piyush Goyal said that the Indian real estate sector has been a critical engine of the country's growth story, providing large-scale employment. He said, the sector has shown immense resilience in the last few years with the active support of the Government.  Mr Goyal said this while addressing the National Investiture Ceremony of the Confederation of Real Estate Developers Associations of India through video conferencing in Mumbai yesterday. The Minister added that the real estate sector will provide huge business opportunities, generate employment and provide big avenues for the startup ecosystem. Mr Goyal said, India is poised to become the third-largest construction market in the next two to three years. He remarked that the Union Budget also focused significantly on infrastructure with nearly ten lakh crore rupees direct investment of the Central Government. He mentioned that Real Estate Regulatory Authority has played a transformational role in formalising the sector and bringing transparency and better governance practices. Speaking on the Government's role in supporting the sector, he said that GST has been simplified to make the real estate sector more resilient and easy to work.  Mr Goyal mentioned that Insolvency and Bankruptcy Code has helped clean up the sector with banks willing to lend with confidence. He also noted that effective and speedy redressal of housing sector complaints has given a major impetus to this sector.</span><br />