DUBLIN–(BUSINESS WIRE)–The “Assessment of India’s Real Estate Sector 2024” report has been added to ResearchAndMarkets.com’s offering.
It is projected that by 2040, the Indian real estate market will grow to INR 65,000 crore from INR 12,000 crore in 2019. The sector is expected to reach a value USD 1 trillion ad compared with USD 200 billion in 2021.
The Indian real estate sector, a cornerstone of India’s economic progress, is undergoing transformative shifts influenced by policy reforms, technological advancements, and evolving consumer preferences. Currently the real estate sector in India is performing very well, post being overall slow for few years and then suffering with the impact of the Covid-19 Pandemic. The sector 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 experienced significant growth, with the total value of home sales soaring to a record INR 3.47 lakh crore. This represented an impressive 48% increase compared to the previous year. Additionally, the number of units sold also followed a strong upward trend, with a 36% increase, amounting to 379,095 units.
Reasons to Purchase
In the dynamic landscape of 2024, the Indian real estate sector stands at a pivotal juncture, presenting a myriad of opportunities and challenges that are meticulously unravelled in this comprehensive research report. The report aims to understand the current landscape and future prospects of this rapidly evolving industry. The report contains market statistics, recent trends and drivers, along with opportunities and challenges. The report includes up-to-date insights and perspectives from leading experts in the industry.
Key Topics Covered:
India Real Estate Sector
Competitive Landscape & Company Profiles
Key Figures
For more information about this report visit https://www.researchandmarkets.com/r/xbv2vs
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