Real estate is a vast term and it comprises four sub-sectors - housing, retail, hospitality, and commercial. It is one of the most globally recognized sectors. Speaking about the future, it is expected that the real estate sector will attract more non-resident Indian (NRI) investment, both in the short term and the long term. According to a few experts, Bangalore tops this list followed by Ahmedabad, Pune, Chennai, Goa, Delhi and Dehradun.
It is estimated that the real estate market will grow to Rs 65,000 crore (US$ 9.30 billion) from current Rs 12,000 crore (US$ 1.72 billion) by 2040. Apart from the residential real estate, the retail, hospitality, and commercial real estate are also growing at an exponential rate. The ITeS/IT, BFSI, consulting and manufacturing sectors have registered 27% y-o-y in 2019.
Looking at this trend, India will soon be one of the biggest players in terms of the real estate sector. This will also mean that the property prices will keep on increasing at higher space.
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What is the future of real estate in India ?
Tilak Raj
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5 Year
2020-09-20T13:16:00+00:00 2020-12-15T19:29:17+00:00Comment
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