Investment Oasis: Understanding the Booming Indian Real Estate Landscape
The Indian chronicle of progress is at a pivotal turning point today. The country on the cusp of becoming a global superpower is already an economic behemoth, with the year 2023 culminating with its presiding as the fifth most economically powerful nation in the world. Not only that, according to S&P Global, the country is poised to possess the third-largest economy globally by 2030.
The inextricable, directly proportional relationship between the economic upswing and real estate investment propensity spells a palatable surge in demand for real estate across all segments. However, macroeconomic factors are not all that are driving the real estate investment surge. The country’s favourable demographic dividend, a progressive policy and programme framework dedicated to uplifting its infrastructure, and thriving urban expansion all culminate in driving this growth.
In a landscape piloted by projected 7–9% economic growth, it comes as no surprise that industry experts augur sustained growth for the real estate industry. Residential real estate sales are projected to grow by 10–12%, fuelled by demand for smaller, more affordable units by the expanding middle class and first-time buyers. Similarly, the sale of commercial projects is anticipated to witness an uptick, impelled by a rebound to work-from-office mode as well as surfacing into popularity in modern commercial spaces like SCO and coworking spaces.
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