Sector’s contribution to GDP will grow to 13% by 2025
The Indian real estate market will grow to Rs.65,000 crore by 2040 from Rs.12,000 crore in 2019, according to an assessment report by ResearchAndMarkets.
The real estate sector https://www.credai.org/home , a cornerstone of India’s economic progress, is undergoing transformative shifts influenced by policy reforms, technological advancements, and evolving consumer preferences, according to the report.
Currently, the real estate sector in India https://dlf.com/ is performing very well, post being overall slow for few years and then suffering with the impact of the Covid-19 Pandemic.
The sector https://www.godrejproperties.com/ contributes close to 7% to the country’s GDP and is a primary contributor to employment. It is projected that the sector’s contribution to the GDP will grow to 13% by 2025.
In the fiscal year 2023, India’s residential real estate market https://www.nbccindia.in/index experienced significant growth, with the total value of home sales soaring to a record Rs.3.47 lakh crore. This represented an impressive 48% increase compared to the previous year.
Additionally, the number of units sold https://www.indiabullsrealestate.com/ also followed a strong upward trend, with a 36% increase, amounting to 379,095 units, said the report.
In the dynamic landscape of 2024, the Indian real estate sector https://www.propertygurugroup.com/ stands at a pivotal juncture, presenting a myriad of opportunities and challenges that are meticulously unravelled in this comprehensive research report.
Competitive Landscape & Company Profiles: DLF, Godrej Properties, Prestige Estates, NBCC India, India Bulls Real Estate. Fiinews.com
